The US dollar strengthens to 109 overnight.

Grain Markets Soften Amid Dollar Surge, Tariff Rumors, and Weather Concerns; Soybean Oil Leads Gains While Cattle Markets Eye Key Developments

This morning’s grain trade is softer, led by the wheat trade, as the US dollar surges back to 109.00. Rumors have leaked that Pres. Trump will enact a National Economic Emergency Tariff to apply to specific countries, which caused the Chinese Yaun to fall overnight. Soybean oil was the upside leader again overnight as it broke above $0.41 on Tuesday, as spot board crushing margins rose to $1.24/Bu.