Agriculture News
Disconnect between prices and production threatens to create a “volatility trap” in commodities and discourage investment in the sector, something that could threaten the supercycle.
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The amount of U.S. winter wheat considered in drought conditions remained constant at 69%
Sharp weekly increases in cash prices of corn, soybeans and wheat.
Grain and soybean futures posted two-sided trade overnight, with wheat and corn narrowly mixed and soybeans under pressure this morning.
Winter wheat futures found strong followthrough buying in leading overnight gains in the grain and soy complex. December corn futures pushed to a contract high for a third straight session.
Both the HRW and SRW crops showed mild improvement over the past week.