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The extended forecast wouldn’t be overly optimistic for significant improvement to HRW wheat conditions. However, SRW wheat areas should see relatively favorable winter weather.
Grain, soybean futures lower on growing confidence Ukraine export deal will be extended.
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Grain markets faced pressure overnight and are trading near session lows this morning as the war escalation concerns that fueled gains late Tuesday have eased.
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Grain, soybean futures lower on optimism Ukraine export agreement will be extended.
Wheat futures led overnight price declines in the grain markets on hopes of an extension to the Black Sea grain export deal.
Both crops are still rated below their respective five-year averages, especially HRW.
Corn, soybean futures lower on demand concerns, U.S. dollar surge; wheat futures firmer.