Pro Farmer
June is setting up as a critical month ahead of President Trump’s July 9 deadline for tariffs.
U.S. negotiators are meeting with China and India, while USDA’s June crop reports are scheduled for Thursday.
Trade teams from the two countries plan to meet at a neutral site in London.
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Corn futures’ spreads continue to see volatile trade as volume has picked up amid the roll this week.
While positive results were reported in trade talks this week, no formal trade deals were reached.
Corn, soybeans and wheat each traded on either side of unchanged overnight.
Soybeans and winter wheat markets are poised to post weekly gains, while corn is lower for the week.
Our updated price forecasts for summer and the fourth quarter.
The leaders agreed to hold lower-level talks between the two countries.
Cattle futures led strength across the agricultural complex today
Soybeans led strength throughout today’s session.
Cattle futures saw impressive strength today, helping shrink discounts to the cash market.
Fed’s Beige Book flags ag strains.
Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.
Grains saw relative strength overnight though saw a modest increase of selling pressure going into the break.