Good morning! Corn, soybeans and wheat markets are trading lower on improving weather and planting progress. Corn planting is expected to be 80%-85% complete by Monday.
President Trump told reporters that tariffs on China could be raised by $300 billion. Mexico import tax of 5% begins on Monday. Talks with Mexico continue.
The 6-15 day forecast for the central and northern U.S. looks cool. Drought coverage increased over the past week, with 5.28% of the contiguous U.S. now in drought, compared to 3.31% last week.
Have a great and safe day!
Corn: 9 ¼ carry.
Soybeans: 13 ¾ carry.