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USDA estimates the drought footprint at 29% for corn (up six points from last week), 22% for soybeans (up seven points), 19% for spring wheat (unchanged) and 68% for cotton (up seven points).
Shanghai citizens subject to mass COVID testing, copper falls to lowest price since late 2020 and the Treasury Department investigates insurer’s exposure to climate risk...
Dem leaders make progress on another reconciliation package
Grain, soybean futures expected higher after surging overnight amid corrective buying.
Corn, soybean and wheat futures traded sharply higher overnight as markets rebounded from recent hefty losses.
Corn and soybean basis remains well above average, though cash prices plunged.