Tuesday, May 30, 2017 7:19AM CDT
Congressmen are asking the U.S. Attorney General why the Trump administration is continuing to pursue a legal case against California farmer John Duarte, who has been at the center of a federal prosecution and multiple lawsuits against the U.S. Army Corps of Engineers. The Corps accused Duarte of plowing through some vernal pools on farm ground he owns in northern California.
July corn was 3 cents lower, July soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 4 cents lower.
Look for the cattle complex to open moderately lower, pressured by follow-through selling and bearish on feed report implications. On the other hand, lean hog futures should launch the week on a firm basis, supported by short-covering and ideas of seasonally improving fundamentals.