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Grain and soybean futures posted two-sided trade overnight, with wheat and corn narrowly mixed and soybeans under pressure this morning.
Winter wheat futures surge to four-week highs, corn and soybeans also higher as “inflation trade” drives speculator buying.
Winter wheat rises to five-week high on concerns over drought, Ukraine; corn and soybeans also higher.
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.
Winter wheat futures jump to two-week highs on concern over Ukraine disruptions; soybeans down sharply, corn mixed.
White House blaming Putin for inflation it believes will be ‘extraordinarily elevated’
Both the HRW and SRW crops showed mild improvement over the past week.
Wheat and corn futures are being supported by supply concerns amid the ongoing war between Russia and Ukraine. Soybeans are under pressure to open the week amid pressure from weakening crude oil prices.
Corn hits five-week high, wheat reaches two-week high amid ongoing Ukraine concern; soybeans expected lower.
Some lawmakers push special counsel at USDA re: meat industry competition | Biden to Iowa
Short-term trend turns up for corn, down for crude oil.
Wheat and corn futures were supported by solid followthrough buying from last week’s gains in overnight trade, while soybeans weakened.
New U.S. gun regulations coming | Vilsack tested Covid-positive
Nearby soybeans soar to two-week highs after USDA cuts supply outlook; new-crop corn hits contract high, wheat surges.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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USDA left U.S. old-crop corn ending stocks unchanged, whereas traders expected a cut. Global corn ending stocks also unexpectedly increased.
RFA CEO calls EPA decision on waivers a ‘hollow victory,’ EU steps-up sanctions on Russia and global food prices continue to climb...