Portion of $290B in nutrition savings redirected to boost commodity and crop programs.
CCI ratings declined in both Kansas and Illinois.
Wheat faced pressure from bigger-than-expected winter wheat crop estimate, new-crop stocks.
Corn also traded higher after the reports, while wheat struggled to find buyers.
Supportive trade news comes ahead of USDA’s May crop reports later this morning
The 90-day reduction in tariffs gives both sides until mid-August to reach a comprehensive trade deal.

Pro Farmer Editors