News
Wheat gapped higher, with HRW and HRS futures moving to new contract highs after India’s ban on wheat exports. Corn and soybeans also posted strong gains.
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India says nation’s food security is under threat
Soybeans end week strong as China purchase stirs demand optimism; wheat extends rally to contract highs.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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The European Commission looks to thwart Russian port blockade, diesel prices score fresh record high and the Bloomberg Commodity Agriculture Index soars...
Corn, soybean futures seen firmer on weather, supply concerns; spring wheat extends rally.
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Spring wheat futures built on Thursday’s limit-up performance overnight, while corn and soybeans also traded higher. Winter wheat futures eased a bit from yesterday’s strong gains.
New-crop corn futures rally after USDA cuts U.S. yield estimate; wheat surge on tighter supplies.
Based on U.S. Drought Monitor data as of May 10, 68% of the U.S. winter wheat crop area was experiencing drought, down one percentage point from the previous week.
Wheat futures rocketed higher on the bullish report data.
USDA also expects a drop in 2022-23 global wheat production and supplies.
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Grain, soybean futures mixed to weaker as trade awaits USDA Supply and Demand update.
USDA will release key data this morning, Russia expects robust wheat exports and IEA assures global oil output will remain strong...
Weekly old-crop corn and soybean export sales were a marketing-year low. Beef export sales were a high for the year and pork sales were also strong.
Soybeans and wheat pulled back from Wednesday’s gains, while corn was mostly firmer overnight. Trade was quiet as traders await USDA’s May crop reports later this morning.