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Supportive trade news comes ahead of USDA’s May crop reports later this morning
Soybean futures are sharply higher with corn mildly higher and wheat mixed. Cattle futures are poised to challenge highs, and lean hog futures are moderately to sharply higher to start the week...
Soybeans led strength overnight amid a U.S. and China 90-day pause on tariffs.
The 90-day reduction in tariffs gives both sides until mid-August to reach a comprehensive trade deal.
Short-term trend turns bullish for crude oil after U.S./China trade tensions ease.
USDA’s May crop reports are out later this morning.