The next USDA report is Crop Production: June 12, 2018
Market Comments for May 25, 2018
The market was higher but cautious ahead of the long holiday weekend. President Trump’s cancelation of the meeting with North Korea yesterday has traders concerned about the potential China trade agreement but renewed buying interest put concerns aside heading into the weekend. Beans were supported by a two large sales to China, both for 18/19 delivery. Wheat continues to make gains on dryness and production issues around the world with little relief seen in the nearby forecast for growing areas of the Black Sea and Australia. Dryness concerns in Brazil’s safrinha crop also continue to support corn which saw an uptick in prices.
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