The grain trade relaxes midweek.

Grain futures soften midweek amid HRW wheat belt dry spell. Turkey's corn import quota aims to curb inflation as Fed maintains interest rates amid economic scrutiny.

Grain futures are softer across the board this morning, consistent with early-week strength that gets checked midweek. The HRW wheat belt will be arid for the next 10 days, while forecast models are at odds with playing with moisture potential forecast in the 11-15 day window. This will be the norm as we enter summer, as long-term models always try to f…