Agriculture News
Traders’ focus is split between trade happenings, weather and geopolitics.
Soybeans basis also firmed over the past week.
Ag part of trade deals that could be announced ‘soon.’
Farmers noted a more optimistic view of U.S. ag export prospects, combined with a less negative view of tariffs’ impact on 2025 farm income.
Wheat slumps amid improvement in crop conditions.
Corn, soybean and spring wheat CCIs all well below year-ago.
Corn inspections during the week ended May 29 rose 157,000 MT, topping the pre-report range. Soybean inspections also rose on the week, while wheat inspections declined modestly.
Weather, trade and geopolitics a split focus as June begins.
Wheat futures are higher with corn following higher and soybeans under pressure. Cattle and hog futures are higher to start the week...
Short-term trends remain mostly sideways for the major grain markets.