News
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...
Wheat led weakness overnight as July futures nearly tagged the contract low, while corn and soybeans followed to the downside.
Trend is now down for SRW wheat and soymeal.
Trump says ‘temporary pain is necessary to achieve greater economic health and independence.’
Conflicting remarks from U.S., China officials on trade talks despite signs of de-escalation.