Pro Farmer
GOP budget reconciliation plans remain in flux.
Soybeans favored the downside overnight while corn and soybeans saw action on either side of unchanged.
Winter wheat markets modestly rebounded from contract lows earlier in the overnight session.
U.S. consumer confidence plummets amid trade concerns.
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.
Corn, soybean and spring wheat planting remains quicker than normal.
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...