Except for the livestock futures, which all hit new contract or record highs, the CBOT was mostly lower to start the week with favorable weather and bearish chart conditions driving the sentiment. The index fund roll ticked off its second of five days on Monday, so spreads and volumes patterns were thrown off and not as indicative as they usually are of commercial demand. Key market drivers included meetings between U.S. and Chinese officials in London today, with several key issues, including rare earth minerals and AI technologies, reportedly on the table for discussion. Too, traders were starting to prepare for the June WASDE that will come out on Thursday. The June WASDE typically isn’t a major market mover, but traders are expect...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America