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USDA’s May 12 Supply & Demand Report will be the first official release of balance sheets for 2022-23, along with usage adjustments for the old-crop marketing year.
Inflated anxiety about inflation has Biden taking Vilsack to Illinois farm on Wednesday
Corn, soybean futures expected firmer after planting progress falls short; wheat also firmer.
Corn, soybean and SRW wheat futures recouped a portion of Monday’s losses overnight. HRW and HRS futures firmed more than they lost yesterday.
Recent rains spurred mild improvement in HRW ratings; SRW ratings declined.
Corn futures sink to four-week lows, soybeans to five-week lows on improved planting outlook; wheat also lower.