Grains are called slightly firmer at the open with direction dependent on outside financial markets before attention turns to the Monday crop report. In the Headlines Last week ended with more trade talk about Chinese soybean purchases that would now be subject for confirmation starting Monday morning. The previous week also finished with similar rumors of China business but then flash sales came out lighter than the pre-advertised totals, stoking further questioning of whether Chinese buyers were skirting the daily reporting system. U.S. soybean sales to China since the fall are thought close to the heavily scrutinized target of 12 million metric tons, but the season is also very close to when Brazilian soybeans will be ready for China to choose from. Lately holding tighter with import permits, the Chinese government will conduct a soybean auction this week. Friday was an opinion release day for the Supreme Court that was expected possible to include a ruling on President Trump’s reciprocal tariff authority, but no such decision was announced. Speculation is now that the matter will be addressed in another release day coming this Wednesday. Event contract odds from Polymarket were at 26 percent for the tariffs to be upheld. More…
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