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.
USDA’s May crop reports could be overshadowed by this weekend’s U.S./China trade talks.
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Trump administration floats major tariff rollback in talks with China ahead of talks.
Monday’s reports will include USDA’s initial winter wheat production estimate and new-crop corn and soybean production projections based on March planting intentions and trendline yields.
Corn, soybean and most wheat prices are under year-ago.

Pro Farmer Editors