News
Some U.S. farmers link new farm bill as must-pass goal for a much-improved safety net to deal with trade war and other woes | CPI report: Core inflation at 4-year low
Corn, soybeans and wheat each favored the upside in followthrough buying overnight.
Soybean sales during the week ended April 3 totaled 172,300 MT, which were down 58% from the previous week and 63% from the four-week average. Corn and wheat sales also declined on the week.
Soybeans show vulnerability to tariffs war with China.
Grains remain relatively calm amid volatility in global stock indices, bonds, currencies and other markets.
Corn basis firmed over the past week but remains below average.
The grain and oilseed markets shook off extensive selling pressure in equity futures overnight, each posting gains in the overnight session.
USTR Greer on trade tariffs, China port fees | Brooke Rollins talks tariffs, trade, and eggs
U.S. reciprocal tariffs kicked in at midnight; China retaliated early this morning.