06/29/2025 Sunday Market Preview

Grains are called slightly softer at the open as market participants focus on favorable weather and negative technical leanings. Tentative traders otherwise await fresh fundamental input from Monday’s stocks and acreage reports. In the Headlines Developments regarding the big budget bill will likely dominate headlines this week. The Senate advanced the bill for discussion and cleared the way for voting on proposed amendments. If passed in the Senate, the bill would be sent back to the House of Representatives for final approval. President Trump is pushing to sign the legislation before Independence Day on Friday. Part of the Senate’s revisions to the budget included cuts for wind and solar tax credits. A new provision would tax wind and solar projects completed after 2027 if they use Chinese parts or materials. The bill would still support and extend the 45Z Clean Fuel Production Credit, with the text including limitations against imported feedstocks such as used cooking oils. The ceasefire with Iran remained fragile as Israel turned its focus back to Gaza over the weekend. There may still be further retaliation for Israel’s strikes against an Iranian prison last week. Also making headlines were comments from the head of the UN International…