Pro Farmer
Sharp weekly declines in soybean, wheat basis on rollover to the July contracts.
U.S. economy contracts in Q1, inflation eases in March.
Economists fear President Trump’s trade/tariff stance could push ag into a deeper recession.
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.