News
Soybeans saw relative strength overnight, wheat saw relative weakness and corn was caught in the middle.
The improvement for wheat may be short-lived as prices are under pressure to open the week.
President Trump delayed planned 50% tariffs on the EU to July 9.
Grain traders mostly focused on weather, but trade happenings remain on the radar.
May 1 feedlot inventory declined 1.5% from year-ago, as expected.
Part of the increase in pork stocks tied to a big downward revision to March inventories.
Cattle and wheat saw relative strength today despite the weakness seen in the general marketplace.
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Corn, soybeans and wheat each saw modest losses most of the overnight session though selling efforts accelerated in corn and beans following this morning’s posts from President Trump regarding EU tariffs.
U.S. to tell EU its offer falls short of administration’s demands.
Corn, soybeans and wheat poised to post strong weekly gains.
Several U.S. farm commodity groups and the American Farm Bureau Federation did not hold back in criticizing portions of the report.
Soybeans and cattle saw relative strength today, breaking out of recent sideways ranges.
Cash soybean prices weakened over the past week.
Bond market movements will be key on many fronts moving forward.
Corn, soybeans and wheat each opened lower overnight but recouped most of the losses and are trading nearer session highs.
Crude oil futures are under pressure and the U.S. dollar index is firmer.
Corn and soybean basis remains much weaker than normal.
RFK Jr. says MAHA report won’t target ag practices.