News
Traders await weekly export sales data later this morning.
Sharp weekly declines in soybean, wheat basis on rollover to the July contracts.
Economists fear President Trump’s trade/tariff stance could push ag into a deeper recession.
GOP budget reconciliation plans remain in flux.
Soybeans favored the downside overnight while corn and soybeans saw action on either side of unchanged.
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.