Otherwise, investors see a relatively quiet end to the week.
The crude oil market is set to scream higher this spring and summer. Will this help boost higher corn and soybean prices?
The USDA Crop Progress Report shows data collected as of Sunday. So, if corn was planted on Sunday, that activity might not be in this report.
The slow planting pace is built into the market. Investors look for new news to trade.
The tight supply of hay started with last year’s drought in the Dakota states and Montana.
USDA releases dismal numbers in its Weekly Crop Progress Report.
New weather forecasts and geopolitical issues take center stage with farm markets and outside markets.
Investors were expecting U.S. ending stocks to drop and world stocks to build.
While the USDA Weekly Crop Progress Report does not have any corn and soybean ratings yet, the wheat ratings are unusually poor.
President Trump has called for more tariffs on imported Chinese goods to the U.S., creating more nervousness for investors.