News
Monday’s reports will include USDA’s initial winter wheat production estimate and new-crop corn and soybean production projections based on March planting intentions and trendline yields.
Both remain well below average.
Officials are not expecting major breakthroughs, but at least the two sides are talking.
Corn, soybeans and wheat each traded higher in early overnight trading on reports that the U.S. and China will be meeting to discuss trade.
U.S., China to hold trade talks in Geneva this weekend.
Improvement in farmer sentiment occurred despite ongoing trade disputes with many of U.S. agriculture’s largest trading partners.
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.