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Spring wheat continues to see persistent strength.
As Trump’s tariffs are embroiled in a legal battle, talks with China ‘a bit stalled.’
Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Soybeans led weakness overnight while corn and wheat struggled to hold onto early overnight strength.
Corn, soybean and winter wheat markets poised for weekly losses, while spring wheat bucked the trend to trade higher.
Cattle futures led strength today as traders shored up discounts to the cash market.