Agriculture News
Short-term trends remain mostly sideways for the major grain markets.
Corn and wheat traded higher overnight, soybeans are lower to start the week.
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Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Corn, soybean and winter wheat markets poised for weekly losses, while spring wheat bucked the trend to trade higher.
Cash soybeans remain well below last year.
Only four years since 1980 have not had a summer soybean rally.
The U.S. Court of International Trade ruled President Trump’s ‘Liberation Day’ tariffs imposed under the International Emergency Economic Powers Act were unlawful.
Cash cattle prices have posted a record high for five consecutive weeks.
Soybeans mildly weakened during overnight trade.