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Cash soybean prices drop but remain historically strong at over $15.
Drought area increases by one point
Soybean futures climb back above $16 on drought-reduced South America crop; corn, wheat firmer as trade watches Ukraine.
The 90-day forecast continues to give elevated odds of above-normal temps across HRW areas. Below-normal precip also is likely over all but far eastern areas of the Central and Southern Plains.
The Biden Administration doubts claims of Russian pullback, Secretary Vilsack wants the DOJ to investigate inputs prices and production strains continue to dog food makers...
Vilsack wants DOJ to investigate input prices | Some signs of relief re: supply chain backlogs