Favorable weather, trade uncertainties continue to weigh on grains.
The corn crop is now rated 6.7 points above year-ago, while soybeans are still 1.7 points below last year at this time. Spring wheat is 31.9 points below last year.
Trump to impose a 25% blanket tariff on all goods from Japan and South Korea starting on Aug. 1.
Barring a change in weather pattern, grain markets will need another source of support for an extended price recovery.
The Aug. 1 implementation date will allow countries a little more time to get deals secured before tariffs officially increase.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.

Pro Farmer Editors