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Soybeans broke higher, out of the recent sideways trading range overnight.
July SRW wheat futures reached a four-week high during overnight trade.
Trump’s presence underscores mounting urgency and turmoil within the GOP ranks.
Grains led strength overnight, led by the wheat market. Soybeans lagged behind and continue to trade in a tight range.
Wheat led overnight price gains after an unexpected drop in crop ratings.
The modest declines came despite improvements in the top producers for both crops – Kansas for HRW and Illinois for SRW.
During the week ended May 15, corn inspections rose 419,000 MT from the previous week, nearly topping analysts’ pre-report range. Soybean inspections were notably short of expectations.
A discussion on a historical look at USDA’s initial WASDE projections.
Wheat, corn and soybeans are higher to start the week. Cattle and hogs are choppy, but mostly lower...
RFK Jr. to target farm chemicals, sugar in MAHA Commission report.
Corn, soybeans and wheat each posted gains overnight, making up a portion of Friday’s losses.
Short-term trends remain unchanged for most markets this week.
Focus will remain on trade developments and crop weather.
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Weekly cash corn prices weakened, while soybean prices firmed.
Administration lacks the capacity to negotiate deals with all of its trading.
Soybeans tried to work higher on corrective buying overnight, but succumbed to continued pressure on soyoil late in the session.