You're listening to Markets Desk, and here's what's moving midday.
Corn and soybean futures are trading in mixed fashion heading into the long holiday weekend. Front-month corn is steady to two and a quarter cents higher, while deferred contracts are slipping as much as one and a half cents. The national average cash corn price sits at three dollars and ninety-three and three quarter cents. Soybeans are showing a similar split, with front months up one to three cents while near-crop contracts ease one to two cents, and cash beans are holding at ten dollars and eighty-seven and a quarter cents. Traders are clearly managing positioning ahead of the break.
Shifting to policy, families are asking when the so-called Trump accounts will actually start delivering. The child savings program signed into law as part of the broader reconciliation package includes one thousand dollars per eligible newborn, but the mechanics of enrollment, eligibility verification, and fund distribution are still being worked through by Treasury. Parents should expect a phased rollout rather than an immediate deposit.
And on the entertainment side, Universal Pictures is keeping its premium video-on-demand strategy firmly in place for Minions and Monsters despite strong early box office. The studio's established window of roughly forty-five days before streaming release has proven durable, and one franchise hit, however large, is unlikely to reset that calculus.
That's the tape. Markets Desk, signing off the floor.
