News
Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Cash cattle prices have posted a record high for five consecutive weeks.
India willing to offer other ‘deep’ tariff cuts to secure trade deal.
Grains saw relative strength overnight as crop conditions for corn, spring wheat and winter wheat were all below expectations.
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.
Soybeans saw relative strength overnight, wheat saw relative weakness and corn was caught in the middle.