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Soybean futures surge, corn also stronger as weekly USDA crop ratings erode; winter wheat firmer.
Growth Energy sues EPA over ‘alternative’ approach to small refinery RFS compliance
Corn, soybean futures expected firmer after disappointing USDA crop ratings; wheat also higher.
Corn and wheat futures posted strong gains on corrective buying overnight, while soybeans sharply extended Monday’s gains.
The corn CCI rating is now below the five-year average for the first time this year. The soybean and spring wheat ratings remain above average.
New-crop corn tumbles to three-month low on Midwest rains, favorable weather; wheat off sharply, soybeans firmer.