With markets awaiting the May WASDE and USDA’s first comprehensive look at the 2025/26 crop balance sheets, many traders and analysts are looking for major fundamental developments that could influence the outlook. Regarding fundamental developments, the major grain and oilseed markets have seen the news cycle slow considerably over the past few weeks with the shock of the “Liberation Day” tariffs and subsequent trade war having largely worn off. Markets have priced these impacts into futures values already and are looking for the next big shock. On that front, they are finding little information with weather trends and planting progress remaining broadly favorable for the major producing regions and demand largely falling...

TAGS – Feed Grains, North America