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Corn, soybeans and wheat surged higher overnight in a continuation of the ongoing uptrends.
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Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
AFBF urges the White House to address surging fertilizer prices as farmers face falling crop prices and inflation, while StoneX outlines potential long-term solutions to stabilize fertilizer markets in the U.S.
U.S. corn and soybean ending stocks left unchanged
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. Corn, soybean and cotton world ending stocks were each higher than respective pre-report estimates.
U.S. ending stocks remain unchanged month-over-month while USDA adjusts global production estimates.
Big swings in crude oil futures are dictating trade in the grain and soy complex.