News
Winter wheat markets modestly rebounded from contract lows earlier in the overnight session.
Wheat saw corrective strength, soybeans saw modest selling within the recent sideways range and corn was caught in the middle during the overnight session.
Legal battles over Trump’s tariffs could jolt markets.
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.
U.S. is seeking trade deals with other countries.
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Cash grains posted little price movement over the past week.
Corn, soybeans and wheat each favored the upside in overnight trade though saw an increase in selling pressure in the latter portion of the session.
Corn, soybeans and wheat boosted by followthrough buying overnight.