IL Corn Joins Over 530 Organizations in Push for Farm Bill

This week, the IL Corn Growers Association joined over 530 organizations in a letter to House and Senate leadership calling upon Congress to pass a bipartisan farm bill.

The letter was signed by representatives in the nutrition, agriculture, environmental and other sectors and relayed the coalition’s concerns of continued inaction.

“If Congress does not come together this year to enact a bipartisan farm bill, the legislative process will begin anew in the 119th Congress,” the letter said. “Given the significant legislative, and possibly administrative, duties of a new Congress including the seating of new leadership and committees, Senate nominations, and other essential actions during the first months of the 119th Congress, we have concerns that it may not be logistically or politically feasible to advance a new farm bill early in the next Congress.”

Funds are leaning short in wheat and closer to neutral in corn, says Brad Matthews. In this Market Plus, he explains who the commercials are, why he expects China to buy all 25 million metric tons of soybeans, how a super El Niño could heat up prices, whether USDA’s corn yield is too high after last week’s correction, and what persistent inflation means for grain prices.