News
Corn, soybeans and wheat each traded lower in the overnight session but have since rebounded and traded higher into the break.
Short-term trends remain mostly sideways for the major grain markets.
Corn and wheat traded higher overnight, soybeans are lower to start the week.
Access this week’s newsletter here.
As Trump’s tariffs are embroiled in a legal battle, talks with China ‘a bit stalled.’
Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Soybeans led weakness overnight while corn and wheat struggled to hold onto early overnight strength.
Corn, soybean and winter wheat markets poised for weekly losses, while spring wheat bucked the trend to trade higher.
Cattle futures led strength today as traders shored up discounts to the cash market.
Cash soybeans remain well below last year.