Pro Farmer
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.
Japan considering more U.S. corn purchases.
U.S. is seeking trade deals with other countries.
Access this week’s newsletter here.
Corn futures are leading strength at mid-morning.
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.
Trade talks with South Korea may be moving faster than expected.
Soybean futures broke out of the recent sideways consolidation range.
Soybean futures broke out of the recent sideways consolidation range.