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“Prices ranged from $.02 higher in old crop to $.02 lower in new crop. July jumped out to a new 2-week high with next resistance at the 50-day MA at $4.68 ¼. Fresh 3-week high for Dec. before pulling back closing just below its 100-day MA at $4.54 ½ . Pres. Trump’s Big Beautiful Bill that extends tax cuts from his first term narrowing passed a House vote this AM where it now goes to the Senate. The bill also eliminates taxes on tips and overtime while devoting billions to border security and a major crackdown on immigration,” according to Mark Soderberg with ADM Investor Services.
