A look ahead at the next 5, 30 and 90 day segments for the soy market.

Live and feeder cattle futures opened lower on Friday but quickly turned higher with strong cash news according to Scott Varilek, Kooima Kooima Varilek. Grains see pressure from weather and the risk off outside market influences tied to the proposed tariff increases on Canada to 35% by Aug. 1

DuWayne Bosse of Bolt Marketing says the bounce in the grain markets was mostly short covering heading into Friday’s WASDE Report. However, the market may not trade the report numbers long before it turns it attention back to weather.

The Russian government ordered “necessary measures” to boost ag exports after wheat sales to start 2025-26 fell to their lowest since 2008.

Mark Knight with Farmer’s Keeper Financial says corn opened lower but was trying to recover early on short covering, but also following the strength in the wheat market. Soybeans fell further on tariff concerns.

Chuck Shelby with Risk Management Commodities says corn finally saw a light short covering bounce after making new contract lows again early Wednesday in both old and new crop contacts.

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.

Darin Newsom, Senior Market Analyst with Barchart, Inc. says grains continue to see non-commercial selling as the markets are becoming more comfortable about ample supplies. However, one factor not being talked about is demand is starting to fall.

Crop consultant Dr. Michael Cordonnier kept his U.S. corn yield forecast at 180 bu. per acre, though he noted if weather remains favorable it could move higher.

Brian Grete, editor of Pro Farmer, says grains saw another ugly day with funds selling across the complex.