This just in, the National Cotton Council is expressing disappointment in a dicamba ruling by the Arizona Federal Court.
The court vacated the label for over-the-top use of dicamba products for the 2024 crop, this coming at the time of year when many producers have already made their major cropping decisions for the season.
NCC is urging the EPA to quickly take action to appeal the ruling, saying that it will be felt across the cotton belt as dicamba-tolerant varieties account for more than 75 percent of U.S. cotton acres.
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Recent U.S.–China trade developments provided a small lift for soy markets, though most traders are waiting for concrete purchase data before making major moves.
Wheat futures briefly hit a three-month high before retreating as the markets wait for word on whether the deal will actually happen.
Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
According to Ag Secretary Brooke Rollins, the top three soy-crushing companies in Bangladesh agreed to buy $1 billion worth of U.S. soybeans over the next year.
A strong corn export pull is supportive of bids; soybeans need steady vessel programs or fresh sales to firm cash.
USDA will meet part of November SNAP benefits under court direction, citing insufficient funds for full payments.
