Although grains condition is looking strongly optimistic for the second quarter, global supply is looking short as exports continue to be in demand.
With excellent crop conditions, current ideal weather and planting, among others, corn might have already posted its 2018 high.
New corn crop trade estimates are slightly higher than expected at 1.682 billion bushels while global inventories are well below the average.
The upcoming May WASDE reports may reflect optimism for corn futures as bushels' average continue to rise while soybean is expected to drop slightly.
The rainy season favors the Argentinian market as commercial buying props up soybeans. Crop futures are also looking agriculturally optimistic.
Amid trade wars between the U.S. and China, corn stocks remain steady. Experts see a favorable market for corn in the coming days.
USDA remained confident with last month's quarterly grain stocks on a positive note. However, last week was different with soybeans and corn on a low.
With the weather being friendly, reports of US Quarterly Grain Stocks look promising. Corn and soybeans are pushing for hopeful prices and a bullish market.
Despite weather conditions turning good, grains like corn and wheat dropped last week while soybean prices roughly increased.
Corn shook up the agricultural stock market, ending with a massive close at 175 million bushels for exports and 2.127 billion bushels for ethanol.