Traders betting on $100 oil | U.S. launches trade talks with Taiwan, angering China
More U.S. inflation | Aggressive China | Frost/Freeze in Upper Midwest
Grains seen trading lower, livestock steady to firmer.
Yellen holds virtual chat with China’s Liu; Phase 2 talks ahead?
Corn mixed after strong crop ratings, soybeans firm amid dryness concerns.
Corn falls on favorable crop ratings, cattle rises on strong beef market.
Corn, soybeans and wheat are posting double-digit losses this morning as speculative money is leaving the grain markets, extending a month-long exodus amid improving weather and global crop outlooks.
Grain and soy futures traded in a two-sided range overnight. Some expect the harvest of China's wheat crop to temper its voracious corn buying.