Grain prices recover overnight on Pres. Trump comments.

Grain futures rebound on Trump’s China trade comments. India cancels palm oil purchase. US soybeans strengthen. Cattle markets steady with positive feeding margins.

Grain futures recovered overnight from Wednesday’s heavy selling, as Pres. Trump indicated a new US/Chinese trade deal could be possible as he was aboard Air Force One late Wednesday. Trump suggested that a deal would head off of ruling a new trade war with China and could be completed due to his relationship with Pres. Xi. The Phase 1 trade deal with C…