Newsom: Wait and See Attitude in the Grains

 

Darin Newsom, Senior Ag Analyst with DTN/Progressive Farmer, said grain and oilseed markets are biding their time.  Weather is certainly one factor, with major HRW areas still much in need of moisture and corn planting far behind in many areas due to wet and cold conditions.  Another major factor that has yet to play out are NAFTA negotiations and the threat of Chinese tariffs on a wide range of U.S. agricultural products.