Pro Farmer
Wheat led strength overnight with corn following to the upside into the break.
Cattle and hog futures posted strong corrective rebounds last week to signal short-term lows.
Wheat firmer, soybeans weaker and corn choppy overnight.
China deflation | Japan seeks tariff relief | Trump on possible recession and tariffs | Change in U.S. bird flu policy
Trump’s overall economic, trade game plan
Roller coaster on tariffs action plan continues
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U.S. job growth slows in February amid federal layoffs
Corn and soybeans saw modest selling pressure following Thursday’s impressive gains, while wheat saw more sustained selling.
Corn, soybeans and wheat initially pushed higher in an extension of corrective gains the two previous days during the overnight session but have weakened this morning.
The new start date for tariffs is April 2, the date reciprocal tariffs are set to begin.
Tariffs uncertainty raises degree of difficulty for our updated monthly and quarterly price outlooks.
Trump’s aggressive tariffs/trade policy stance is creating anxiousness in ag markets.