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Wheat crop condition ratings continue to show declines, China reiterates plans to increase domestic soybean production and the DOT allocates funds toward ports...
Surge in commodity prices from crude to metals to wheat is pausing today
Soybean futures extend rally to nine-month highs on exports, reduced S. America crops; wheat up on Russia-Ukraine concern.
Individual state crop condition ratings showed further deterioration of the HRW wheat crop during February.
Corn, soybean wheat futures soar to multi-month highs on concern Russia-Ukraine escalation will disrupt global grain trade.
Soybean futures posted contract highs overnight, while the wheat and corn markets faced light profit-taking after Tuesday’s rallies.