Wednesday, December 11, 2019 1:05PM CST
A deal reached Tuesday on the U.S.-Mexico-Canada Agreement will allow the House of Representatives to vote on the trade pact as early as next week. According to an International Trade Commission report last spring, USMCA would add about $68 billion in U.S. overall exports when implemented, including about $2.2 billion in additional agricultural exports.
March corn is down 1 1/2 cents per bushel, January soybeans are down 2 cents, and March KC wheat is down 2 1/2 cents.
Limited activity in cattle trade appears to be gearing up for a range-bound market structure through the end of the year. Strong hog market gains put more emphasis on trade talks, although no schedule has yet been announced.