Don Roose, U.S. Commodities, says grains had a quiet day as they were also consolidating around strike prices as it was May option expiration.

Scott Varilek, Kooima Kooima Varilek, says live cattle traded two-sided early Friday as the market awaits larger scale cash development with stronger prices anticipated. Grains are quietly mixed.

The American Farm Bureau Federation (AFBF) urged the Trump administration and EPA Administrator Lee Zeldin to issue clearer regulatory guidance on the revised “Waters of the United States” (WOTUS) rule.

Darin Newsom, Senior Market Analyst with Barchart, Inc., tries to explain the higher day in the grains, especially soybeans, with the bearish Chinese trade news. So, what drove the rally?

Mike Minor, Professional Ag Marketing, says grain and livestock futures are seeing consolidation with an eye on China trade news, exports and weather.

Matt Bennett, AgMarket.Net, says soybeans rallied with the tailwind of more talk of Chinese tensions easing and May closed above key 200-day moving average resistance.

Allison Thompson, The Money Farm, says soybeans are seeing follow through buying on Wednesday with the de-escalation of the China trade war.

The swift escalation of trade tensions and extremely high levels of policy uncertainty are expected to have a significant impact on global economic activity.

Dan Basse, president of Ag Resource Company in Chicago, says corn was pressured by the fast planting pace of 12% nationally and a slightly more open forecast for the next week or so.

Mark Knight, Farmer’s Keeper Financial, says corn and wheat are under pressure from fast corn planting pace and rains in the forecast for hard red winter wheat country. Soybeans bounced off support, but need to take out technical resistance to keep the momentum going.