May starts lower on weather, trade concerns — this week in the grain markets

by

Opinion

Grain markets started the month of May on a downer as the combination of good weather and renewed trade fears between the U.S. and China stoked increased pessimism in the complex. Despite the latter sentiment, China did buy a lot of U.S. soybeans this week, which helped the oilseed close in the green; this helped canola prices improve as well. Wheat and corn prices were pressured by benign growing conditions. With a really nice window of weather, farmers across the U.S. hit the fields hard again this week, leaving some analysts to think that, in Monday’s crop progress report from…

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