News
Soybeans led a round of gains in the grain and soy complex overnight ahead of an expected trade deal with Britain and upcoming U.S., China talks.
Trade focus is also on China, Japan, EU and others.
Winter wheat futures led strength overnight with old-crop corn following to the upside.
Corn and winter wheat markets were supported by light corrective buying overnight, while soybeans and spring wheat faced light followthrough selling.
The HRW crop improved despite a decline in top producer Kansas, while SRW crop improvement was primarily in leading producer Illinois.
Weekly wheat inspections during the week ended May 1 led the decline, falling 339,000 MT.
Trade deals, planting progress, OPEC production hike and more in focus this week.
Corn, soybean and winter wheat markets are under light pressure with livestock markets choppy to open the week…
Corn and wheat led weakness overnight while the downside was limited in soybeans by technical support.
Analysts are skeptical about the scale and speed of the claimed 200 agreements.