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Wheat and corn are under pressure to open the week, while soybeans are mildly firmer coming out of the holiday weekend.

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.