Grain Markets Continue to Chop; China Buys Massive Tonnage of US Pork

Row crop markets are slightly lower at midday, while wheat futures are moderately higher. Seasonal trends in wheat are largely supportive in April-May, prior to harvest, while there remains an otherwise lack of breaking news. CONAB this morning pegged Brazilian soybean production at 113.5 MMTs, vs. 113.8 previously. Brazilian corn production was lifted to 94…