Corn: Corn lower again this morning over more tariff news from the White House. President Trump announcing another set of 10% tariffs on $200 billion in Chinese imports yesterday. This was in response to China’s tariff news last Friday. No time frame when these will go into effect. Corn crop condition up 1% from last week to 78% G/E.
Soybeans: Soybeans leading grains lower this morning with more tariffs being imposed on China. Soybean crop condition was lowered 1% to 73% G/E. Planting progress came in at 97% complete with the 5 year average at 91% for this week. Updated 6-10 day forecast looking for above normal temps and dry.