News
Key trade talks with Japan ahead; Pakistan offers more soybean and cotton purchases.
Basis weakened for HRW wheat.
Soybeans led weakness overnight with wheat following to the downside. Corn futures favored the upside but faded to just fractionally higher into the break.
U.S. considering new trade proposals, many countries negotiating.
Ratings for both crops remain well below year-ago.
Weekly corn inspections totaled 1.83 MMT during the week ended April 10, up 215,540 MT from the previous week, while wheat inspections rose 269,373 MT.
Broader market focus on ever-shifting tariff news keeps risk aversion elevated
Soybeans are mildly firmer with wheat futures under pressure and corn narrowly mixed. Livestock futures are higher to start the week...
Wheat futures led weakness overnight with corn following to the downside.
Short-term trend turns more positive for most grain and soy futures.
Corn, soybeans and wheat faced pressure in most contracts during the overnight session.
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Corn, soybeans and wheat each showed resilient strength overnight with wheat rebounding from yesterday’s weakness and posting the strongest gains.
NGFA analysis: ‘When U.S. uses trade policy to restrict agricultural exports, U.S. agriculture pays the price’ | Impacts of a declining U.S. dollar
Corn, soybeans and wheat traded on both sides of unchanged overnight but are higher and near their session highs this morning, despite the escalating U.S./China tariffs war.
The plunge in the U.S. dollar to the lowest since April 2022 has far-reaching implications, including good and bad impacts for agriculture.