News
U.S. presents draft trade framework to Japan.
Wheat futures led strength overnight with corn and soybeans following to the upside.
Grains are still lower for the week.
All but seven years since 1981 have had at least one rally in the summer.
Choppy trade persists across the agricultural complex.
Our updated monthly and quarterly price forecasts.
China is deliberately holding off on re-engaging in formal trade negotiations.
Outlook calls for drought in the western Corn Belt and Plains through July; most of the eastern Corn Belt will be drought-free.
Corn led strength overnight while wheat and soybeans saw action on either side of unchanged.
Soybean sales during the week ended April 24 rose 55% on the week despite the seasonal lull amid fresh South American supplies. Wheat sales were also up noticeably, while corn sales slid 12% week-over-week.