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.

Company cites ‘continued uncertainty’ as the reason for the May 20 lockout in Fort Morgan, stressing that the $33.4 million contract offer remains fair and competitive.

The grain market failed on profit taking as traders want to see more details on China purchases or flash sales says Brian Grete with CommStock Investments.