Agriculture News
Soybean futures are sharply higher with corn mildly higher and wheat mixed. Cattle futures are poised to challenge highs, and lean hog futures are moderately to sharply higher to start the week...
Short-term trend turns bullish for crude oil after U.S./China trade tensions ease.
USDA’s May crop reports are out later this morning.
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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.
General market risk appetite is up after the U.S./UK trade deal and weekend talks with China.
Corn, soybean and most wheat prices are under year-ago.
Soybeans led a round of gains in the grain and soy complex overnight ahead of an expected trade deal with Britain and upcoming U.S., China talks.
2023-2024 Supplemental Disaster Assistance
Both remain well below average.
U.S., China to hold trade talks in Geneva this weekend.
Improvement in farmer sentiment occurred despite ongoing trade disputes with many of U.S. agriculture’s largest trading partners.
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.