Oliver Sloup, Blue Line Futures, says it was a combination of short covering and technical buying heading into a long holiday weekend but the announcement of a trade deal with Vietnam also provided a spark.

Allison Thompson withThe Money Farm says some of recovery in corn is a technical bounce off of new contract lows in both old and new crop contracts on Tuesday. She thinks the corn market has also been getting ahead of itself and is too bearish on yield.

Corn-for-ethanol use totaled 449.4 million bu. in May.

John Heinberg, Total Farm Marketing, says corn made new contract lows again as funds continue to sell with no major weather threat to the crop and improved crop ratings. But how low will prices go?

With product and application costs totaling between $30 and $40 per acre, farmers will be taking a harder look at where they make the investment this season.

Joe Kooima of Kooima Kooima Varilek says live and feeder cattle futures had a gap lower opening this morning on news from USDA of a phased re-opening of the border to Mexican cattle starting July 7.

Shawn Hackett, Hackett Financial Advisors, says the June 30 reports have traditionally produced some fireworks, especially as they coincide with the end of the month and quarter which also triggers some portfolio re-balancing by the funds, but that didn’t happen Monday.

Matt Bennett, AgMarket.Net says, the corn market is breathing a sigh of relief as some whisper numbers on acreage were substantially larger than the March intentions.

Trump’s approach involves threatening written notifications to trading partners outlining new tariff rates, a tactic aimed at forcing “deals” and punishing those not negotiating in good faith.

Randy Martinson, Martinson Ag, chalks the recovery up to short covering heading into the weekend and position squaring ahead of Monday’s USDA reports.