Grain prices take a step forward
Afternoon report: Corn, soybeans and wheat test modest to moderate gains on Tuesday
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Afternoon report: Corn, soybeans and wheat test modest to moderate gains on Tuesday
Afternoon report: Corn, soybeans and wheat all trend higher on Friday
Afternoon report: Corn, soybeans and most wheat contracts trend lower on Thursday
Financial markets reacted positively Monday after the United Kingdom's new Chancellor of the Exchequer scrapped Prime Minister Liz Truss' tax-cutting economic stimulus package. Jeremy Hunt, who was appointed to the role only on Friday, said the unfunded tax measures had been eliminated and underlined that stability, confidence and helping the most vulnerable, were now the government's goals and number one focus.
The British pound rebounded and the UK government's borrowing costs dropped after Chancellor Jeremy Hunt shredded the controversial "mini-budget." But some economists think the country is not out of the woods yet.