Grains may have strength at the start as corn attempts a rebound that could easily falter as Monday unfolds. Heightened volatility in the energy trade likely remains wider influence along with financial market sentiment surrounding an inflation report on Wednesday. In the Headlines Grain futures may take more time to digest Friday’s crop report and the bearish corn yield surprise. With most looking for a slight reduction, the corn yield rose 2.7 bushels on the month to 181.2. Soybean yield was revised higher to 53.1 for what would represent a new record. A more bullish outlook for demand absorbed the additional soybean supply and helped turn soybean futures toward a higher close. December corn dropped 20 1/2 after rebounding lightly from testing the 30-cent trading limit. President Trump announced a deal with Russia to supply diesel fuel to the U.S., contrasting with the sanctions banning Russian oil imports. Traders are watching see if Russian diesel exports now normalize after Russia had placed a ban on shipments as its refineries faced attacks from Ukraine. Some analysts were in the news questioning the agreed upon totals as being insignificant, especially compared to diesel production totals currently shutdown as a result of the…
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