Soybeans finished a bit lower on Monday, while both corn and wheat were mixed.
Soys moved to both sides of unchanged during the day, as the market awaited the first results from the Pro Farmer Midwest crop tour, which began today and will continue through Thursday. A lack of demand from China amid ongoing trade tensions with the US remained a bearish influence for soybeans. September beans slipped 1 ½ cents to $10.20 ¾, and November was down 1 ¼ cents at $10.41 ¼.
Corn futures waffled during the day as well, as crop tour findings were awaited. The USDA reported a private export sale of 124,000 tonnes of corn to unknown destinations for new-crop shipment this morning. September corn fell ¾ of a cent to $3.83, and December was up 1 ¼ cents to $4.06 ½.
Wheat settled mainly lower as the market awaited the outcome of meeting between US President Donald Trump and Ukraine President Volodymyr Zelenskyy earlier today. The meeting comes as Trump tries to end the Russia-Ukraine conflict which began in February 2022 when Russia invaded its much smaller neighbour. Both Russia and Ukraine are major grains producers. September Chicago lost 3 ¾ cents to $5.02 ¾, and September Kansas eased ¾ of a cent to $5.06 ¼. September Hard Red Spring managed a 2 ½-cent gain to $5.22, but September Minneapolis lost 2 ¼ cents to $5.67 ¾.
