Agriculture News
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.
The initial CCI ratings for corn and spring are far below year-ago levels.
Wheat inspections during the week ended May 22 rose on the week, while corn and soybean inspections each marked declines.
Wheat and corn are under pressure to open the week, while soybeans are mildly firmer coming out of the holiday weekend.
The improvement for wheat may be short-lived as prices are under pressure to open the week.