News
The new pricing system scraps a so-called fuel import parity policy that more closely aligned prices at the pump with the oil market and exchange rates.
Corn, soybeans and winter wheat are expected to trade lower early this morning after losses overnight.
Corn, soybean and winter wheat futures pulled back from Monday’s gains during overnight trade.
Despite the modest uptick over the past week, the HRW CCI rating remains historically low.
Weekly corn inspections in week ended May 11, rose nearly 200,000 MT on the week, while wheat inspections increased 27,731 MT. Soybeans missed pre-report estimates and were down 250,000 MT from the previous week.
Corn futures are following wheat and soybean futures to the upside. Cattle futures are choppy amid declining cash bids as lean hog futures firm...
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Wheat futures will lead price gains in the grain and soy markets amid concerns with the HRW crop and Black Sea grain deal.
Wheat futures posted strong gains overnight, while soybeans traded solidly higher and corn was mixed amid bull spreading.