First Thing Today
President Trump floats ‘substantial’ China tariffs cuts.
Grains continue to brush aside much of the headlines on trade/tariffs.
Japan, Taiwan and others are in talks to negotiate trade deals with U.S.
Corn, soybeans and wheat held in relatively tight ranges during a lightly traded overnight session.
Key trade talks with Japan ahead; Pakistan offers more soybean and cotton purchases.
U.S. considering new trade proposals, many countries negotiating.
Corn, soybeans and wheat faced pressure in most contracts during the overnight session.
Corn, soybeans and wheat traded on both sides of unchanged overnight but are higher and near their session highs this morning, despite the escalating U.S./China tariffs war.
Grains remain relatively calm amid volatility in global stock indices, bonds, currencies and other markets.
U.S. reciprocal tariffs kicked in at midnight; China retaliated early this morning.