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Grain futures were mostly higher after bearish USDA corn reports on Friday, with support from short covering and optimism over China trade talks. Cold, wet Midwest soils delayed planting, and the first winter wheat condition ratings were good.
Soybeans gained on Chinese purchases while a strong dollar pressured wheat.
Trade headlines and planting delays are the main price drivers, while bearish corn stocks data limits gains. Soybean buying from China supports soy values if negotiations advance.
farmprogress.comApr 5, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Weekly review ending April 5 describes short covering, Midwest planting delays from cold wet soils, and China trade optimism, which could carry into a sharp wheat rally on April 8.
