Pro Farmer
Improvement in farmer sentiment occurred despite ongoing trade disputes with many of U.S. agriculture’s largest trading partners.
Weekly wheat inspections during the week ended May 1 led the decline, falling 339,000 MT.
Trade deals, planting progress, OPEC production hike and more in focus this week.
Corn, soybean and winter wheat markets are under light pressure with livestock markets choppy to open the week…
Corn and wheat led weakness overnight while the downside was limited in soybeans by technical support.
Analysts are skeptical about the scale and speed of the claimed 200 agreements.
Short-term trend remains bullish for soybeans.
President Trump teases imminent trade deals but details lacking.
Some now expect the Fed’s next interest rate cut to be pushed back to July.
