Jon Scheve with Scheve Grain says the grain markets are looking for bullish news and without China purchases soon have the grain markets put highs in?

The company commits to a seven-year ban on restrictive provisions to foster competition in the corn and soybean markets. The settlement highlights a deepening partnership between federal antitrust regulators and agricultural authorities.

Mark Schultz with Northstar Commodity says the market was skeptical about the lack of specifics in the framework before China denied the purchase amounts.

Farmers might have wrapped up planting at a rapid pace this year, despite cool temperatures and frost concerns, but high fertilizer costs discouraged some from switching soybean acres to corn.

Data shows late-planted corn can “cheat” the clock with GDU acceleration, making the case for holding the line on your original hybrids for now.

Corn and soybeans face pressure from China trade doubts, fast planting and lower crude oil. Meanwhile, rising interest rates signal inflationary fears.