Friday, May 27, 2016 12:00PM CDT
The deadline has been extended to file organizational structures with FSA so it can be determined if people are actively engaged in farming. USDA set the extension at the request of farmers and ranchers who sought more time to comply with the new rules.
July corn was unchanged, July beans were 2 cents higher, and July Kansas City wheat was 3 cents lower.
Live and feeder futures should open solidly higher, supported by follow-through buying and technical optimism. Lean hog issues are staged moderately higher with the help of late-week short-covering and spillover buying.