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The upcoming May WASDE reports may reflect optimism for corn futures as bushels' average continue to rise while soybean is expected to drop slightly.
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.
Favorable weather conditions helped cocoa, cotton and frozen concentrated orange juice and citrus to close higher last week.
The grain inventory remains positive with corn production racing against soybeans. With La Niña talks, planting delays could lead to less grain production.
The corn market seems to be bouncing back after multiple failed rally attempts last year.
Higher corn markets surprised producers and gave them a more positive outlook.