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Soybeans saw relative strength overnight, wheat saw relative weakness and corn was caught in the middle.

The improvement for wheat may be short-lived as prices are under pressure to open the week.

President Trump delayed planned 50% tariffs on the EU to July 9.

Grain traders mostly focused on weather, but trade happenings remain on the radar.

May 1 feedlot inventory declined 1.5% from year-ago, as expected.

Part of the increase in pork stocks tied to a big downward revision to March inventories.

President Trump threatens ‘straight 50% tariff’ on EU goods

Cattle and wheat saw relative strength today despite the weakness seen in the general marketplace.

Soybeans saw relative weakness today, pulling corn lower.