Agriculture News
Corn and winter wheat markets were supported by light corrective buying overnight, while soybeans and spring wheat faced light followthrough selling.
The HRW crop improved despite a decline in top producer Kansas, while SRW crop improvement was primarily in leading producer Illinois.
Weekly wheat inspections during the week ended May 1 led the decline, falling 339,000 MT.
Trade deals, planting progress, OPEC production hike and more in focus this week.
Corn, soybean and winter wheat markets are under light pressure with livestock markets choppy to open the week…
Short-term trend remains bullish for soybeans.
President Trump teases imminent trade deals but details lacking.
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Grains are still lower for the week.
All but seven years since 1981 have had at least one rally in the summer.