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Winter wheat futures climb to highs for the wheat amid supply concerns, corn and soybeans also firmer,
Sharp drop in cash corn and soybean prices over the past week.
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Sharp fluctuations in some of the world’s major currencies are injecting new uncertainty into the global economic outlook.
Despite rains on parts of the Plains, the drought footprint expanded across HRW wheat regions and now covers 64% of U.S. winter wheat area.
Weekly export sales data for week ended Sept. 22 revealed a sizable figure for soybeans at 1,003,000 MT, while corn and wheat each landed within the range of expectations.
Overnight trade was light and two-sided, though buyer interest is building with grain and soy markets trading near session highs this morning.
The national average corn basis turned negative for the first time since mid-April.
Grain, soybean futures end firm with boost from strength in crude oil, pullback in U.S. dollar; hogs extend plunge to nine-month low.
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