News
Outlook calls for drought in the western Corn Belt and Plains through July; most of the eastern Corn Belt will be drought-free.
Winter wheat markets modestly rebounded from contract lows earlier in the overnight session.
Wheat saw corrective strength, soybeans saw modest selling within the recent sideways range and corn was caught in the middle during the overnight session.
Legal battles over Trump’s tariffs could jolt markets.
Corn and beans weaker, winter wheat rebounds overnight.
The HRW crop is rated above year-ago, while SRW is well below last year.
Wheat inspections during the week ended April 24, were up notably on the week, topping anlysts’ pre-report expectations. Net corn and soybean sales each declined on the week but were as expected.
Uncertainty on the trade front and generally favorable weather have grains on the defensive to open the week.
Grain and soy futures are under pressure to open the week. Cattle futures are firmer with lean hogs mixed...