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No changes were made to the U.S. wheat and corn balance sheets, while a 5-million-bu. increase in soybean imports was offset by a 5-million-bu. increase in crush.
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A wet, active weather pattern across the Eastern Corn Belt could delay early planting this spring. Meteorologist Matt Griffin says repeated rain events through March and April may keep fields too saturated for fieldwork east of Iowa.
South American corn and soybean production estimates will be closely watched
Editor Bill Watts leads a discussion with Lane Akre covering markets and how the war has affected crop prices before tackling what impact the closure of the Strait of Hormuz has on crop acres with Hillari Mason.
The grain and oilseed surged higher early in the overnight session but have since fell well off session highs.
Grains rally as crude oil soars above $100 a barrel