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Impact of voluntary changes may not be significant
Chinese Premiere highlights sagging economy, Russia blames the West for Ukrainian shipping woes and Secretary of State Blinken will deliver remarks today...
Ahead of the Open | May 26, 2022 Wheat futures lower third straight day as trade monitors Russia/Ukraine; corn near seven-week lows.
Chinese Premier Li Keqiang acknowledged business impact of Covid-19 lockdowns, marking contrast with President Xi Jinping
Old-crop corn export sales were a marketing-year low. New-crop sales were light, too.
Wheat and corn futures faced heavy selling pressure overnight but remained above Wednesday’s lows. Selling in soybeans was lighter.
Soybean basis continues to charge higher and is well above the three-year average.
Winter wheat futures end lower but recover much of initial slump; new-crop corn falls to two-week low on planting progress.
Highest food price rises since 1980 (grocery stores) and 1981 (all food and restaurants)
Wheat tumbles to two-week lows on reports Russia may allow food shipments; corn sinks near six-week low.
Tuesday primaries | Texas school killings; Biden addresses nation | FOMC minutes | Food prices
Wheat futures sharply extended Tuesday’s hefty losses in overnight trade. Corn and soybeans followed wheat lower.
Corn futures fall to six-week lows after U.S. planting posts big advance; wheat down sharply as slump resumes.
EU and U.S. are working on global oil price caps, Governor Newsom threatens Californians with water restrictions and beef stocks in April rose to a record...
Corn futures lower after USDA reports big increase in U.S. planting; wheat firm on weather concern.
Biden officials try to sell Indo/Pacific framework to a not-so-convinced U.S. public
Spring wheat futures led gains in the wheat markets overnight as planting progress fell shy of expectations. Soybeans firmed, while corn traded slightly lower overnight.
The HRW crop is still well below its five-year average, while the SRW crop is now rated above normal.
Wheat futures jump in corrective bounce from last week’s slide; corn firmer though USDA reports big jump in plantings.
Beef stocks declined less than normal in April, while frozen pork inventories climbed more than average. Total red meat and poultry stocks rose around 16% from last year.