Corn, soybeans and wheat traded on both sides of unchanged overnight but are higher and near their session highs this morning, despite the escalating U.S./China tariffs war.
Grains remain relatively calm amid volatility in global stock indices, bonds, currencies and other markets.
U.S. reciprocal tariffs kicked in at midnight; China retaliated early this morning.
China vows to ‘fight to the end’ in tariffs battle.
Seller interest is limited for grains and oilseeds with wheat futures working slightly higher. Livestock markets are lower with markets subject to expanded trading limits today...
Corn futures favored the downside overnight, while soybeans have firmed this morning and wheat is narrowly mixed.
Monday Morning Wake Up Call
Grains weaken ahead of Monday’s USDA reports, looming tariffs.
President Trump follows through with auto tariffs, escalating trade war.
Grain markets traded on both sides of unchanged overnight, with corn and soybeans favoring the upside early this morning while wheat is weaker.

Brian Grete