Pro Farmer
Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.
Grains saw relative strength overnight though saw a modest increase of selling pressure going into the break.
Half of Fed districts report farm-sector weakness amid broader economic easing.
Traders’ focus is split between trade happenings, weather and geopolitics.
Soybeans basis also firmed over the past week.
British PM signals implemented trade deal soon, talks with EU show progress.
The livestock markets led strength today while the grain and soy complexes followed to the upside.
Gains were seen across the grain and soy complex today.
Gains were seen in both the cattle and hog markets today.
