Sharply lower overnight trade has both corn and beans down 5-8c

Crude oil is up $.87/barrel with the U.S. dollar higher by 340 points

May 25 corn futures have retreated 15.75c vs. yesterday's high

May 25 soybean futures have fallen 30.5c vs. Monday's high tick

Grundy County, Iowa - 214 acres sold in 3 tracts - Tract 1 @ $18,500 / Tract 2 @ $15,500 / Tract 3 @ $18,200

Avg. U.S. 30-year mortgage rate dropped for a 6th straight week to its lowest point since early December

European Union is planning to impose tariffs on up to €26 Bil worth of U.S. goods in retaliation of U.S tariffs on EU metals

U.S. President Trump announced 25% tariffs on Canadian steel and aluminum, backing off a 50% tariff threat from yesterday 

Brazil's CONAB says they plan on building domestic grain stocks in an effort to combat rising food inflation

Brazil's export agency ANEC estimates March bean exports @ 15.45 MT vs. 14.8 MT prior est. / March corn exports @ 413K tonnes vs. 338K prior est.

HHS Secretary Robert F. Kennedy Jr. is calling for broad testing of therapeutic drugs on U.S. poultry flocks infected with bird flu to identify treatment for human cases

Downside pressure is 'on' this AM in Chicago as nonstop U.S./global tariff talk has traders concerned and holding a risk-off mentality. As expected, yesterday's USDA Crop Report offered few surprises in regard to market moving data. CBOT price action through the U.S. planting season will bedriven by tariff talk, Midwest planted acres, and Brazilian weather over the next 45 days. China's absence as a global grain/oilseed buyer is worrisome with old and new crop rallies warranting strategies that defend against downside risks. May 25 corn futures could slip to $4.52 if unable to hold the $4.65 mark. May 25 soybean futures closing sub-$10.00 could open the door to a further flush. New crop wise, we've got CZ25 clinging to psychological support @ $4.50 with SX25 taking aim at testing support @ the $10.00 level.