Friday, May 18, 2018 6:45AM CDT
House debate has begun on the farm bill and a list of amendments was released late Wednesday. Crop insurance supporters staved off most amendments to change the program, but at least one amendment would phase out farm subsidies, including those for crop insurance.
July corn was 5 cents higher, July soybeans were 10 cents higher, and July Kansas City (HRW) wheat was 9 cents higher.
Look for lean hog contracts to open moderately higher, supported by improving product demand and bull-spreading interest. Cattle futures should also start out Friday morning with a firm undertone thanks to short-covering and oversold oscillators.