An exclusion for goods covered by USMCA was expected to stay in place and 10% tariffs on energy and fertilizer were also expected to remain at that level.
Weather conditions are expected to remain favorable through at least the end of July.
ENSO-neutral conditions likely to persist.
Cash cattle prices have retreated from recent record levels but remain at historic highs.
CPC puts nearly 90% odds of neutral conditions lasting through August and 56% chances they will persist until October.
Drought covers 35% of spring wheat areas, but only minor levels for corn, soybeans and cotton.

Pro Farmer Editors