Pro Farmer
USDA’s May crop reports are out later this morning.
USDA’s May crop reports could be overshadowed by this weekend’s U.S./China trade talks.
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Soybeans are leading strength in the grain and oilseed complex amid China talks.
Trump administration floats major tariff rollback in talks with China ahead of talks.
Monday’s reports will include USDA’s initial winter wheat production estimate and new-crop corn and soybean production projections based on March planting intentions and trendline yields.
Corn and soybeans saw strength overnight, led by corrective strength in the old-crop/new-crop calendar spreads.