Large opposing stories have grain markets sharply divided today.

Another crop report is out today as another opportunity for the USDA to try to tamp down on inflation by putting out a negative report. It didn't work.

Wheat futures are carrying the grain market higher as the USDA reveals the second-worst USDA wheat crop ratings on record.

It's the day after the major March 31 USDA crop report, and fitting with typical US reports, sell the day after whether friendly or negative.

Grain futures find a quick recovery today in price after Tuesday's failure to find peace.

Grain futures are sharply lower today on several factors. Russia focusing mostly on the east allowing planting in the West, China going in the lockdowns, and crude oil crushing biofuels.

After a rough Thursday night session, grain futures turned higher during the Friday session to end the week, with a strong reversal in crude oil ending support to the biofuels.

The old saying is "you have to feed a bull every day", the old information that has supported these grains is now finding profit-taking.

Index funds were heavy buyers in the overnight session and all commodities across the board, as there is no indication of a truce between Russia and Ukraine.

Grain futures were lowermost the session especially ahead of Pres. Biden's visit with Chinese President Xi via phone this morning. In the end, not much trade was discussed, but many are concerned about tensions building between China and the US over the Russian/Ukrainian conflict.