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Ahead of the Open | August 12, 2022 Grain, soybean futures ease slightly as trade awaits USDA Crop Production, Supply & Demand data.
Rhine River to become virtually impassable at key waypoint in Germany today
After two-sided trade earlier overnight, a weaker tone has developed in the grain and soy markets this morning, led lower by wheat.
Diesel prices continue to ease, though they remain well above year-ago.
Corn futures rise to four-week high amid dryness concerns, soybeans at two-week high, as trade awaits USDA.
Global oil supply forecasts rise, the U.S. Navy will patrol the Taiwan Strait and E.U. grain production is expected to fall...
Drought conditions improved across the northern and eastern Corn Belt over the past week, while they worsened in western and southern areas.
Grain, soybean futures expected firmer on weather concern, dollar weakness as traders await USDA reports.
Gas prices fall below $4 a gallon, lowest point since March | Update on U.S. tariffs on China
Soybeans have posted net sales reductions for 2021-22 for six of the past seven weeks.