News
Drought covers 25% of winter wheat areas, 12% for corn and 9% for soybeans.
Wheat futures led resurgent strength across the grain and soy markets overnight.
Wheat rebounded from yesterday’s losses overnight, pulling corn and soybean futures modestly higher.
Basis weakened slightly for corn, soybeans and wheat.
Copper surge | IEA cuts 2024 global oil demand growth | Presidential debates | New farm bill
Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure, with wheat leading the way higher overnight.
Corn, soybeans and wheat rebounded from Tuesday’s losses during the overnight session, led by gains in wheat.
New farm bill | Panama Canal | Potential Canada port & rail strike | FERC’s new transmission rules