USDA estimated 32% of the U.S. winter wheat crop was experiencing D1-D4 drought conditions.
Soybeans show vulnerability to tariffs war with China.
Corn basis firmed over the past week but remains below average.
The 90-day pause triggered broad market responses.
How USDA handles usage forecasts in the face of the trade/tariffs turmoil adds some uncertainty to what’s normally a uneventful report.
Trump’s latest tariffs are set to take effect at midnight ET.

Pro Farmer Editors