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USDA will update balance sheets to reflect June 1 stocks and its new-crop planted acreage estimates. USDA will also release its first all-wheat production estimate.

Short-term trends turn sideways for corn and soybeans.

Followthrough from strong overnight gains in grain/soy futures. Cattle and hogs also expected to open higher. Outside markets could curb buying in grain/livestock markets.

President Biden: No decision yet on rolling back China import tariffs

Corn, soybean and wheat futures gapped sharply higher at the start of overnight trade. While prices remain sharply higher, futures are trading low range this morning.

U.S. tariffs on China | Biden to Mideast | Legislative push on must-have items

Grain markets roar back from sharp post-holiday losses, corn, soybeans post weekly gains amid Midwest drier forecast.

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Indonesia will increase palm oil in bio-diesel, Biden will discuss China tariffs with advisers and the U.N. reports Global food price decline...

Wheat futures jump sharply to lead grains, soy complex higher as markets continue corrective bounce from recent slump.