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Wheat futures surged overnight amid news Russia is rethinking the Ukraine grain export deal. Corn and soybeans followed wheat to the upside.
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Grain, soybean futures close higher on corrective buying ahead of long holiday weekend, early crude oil gains.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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Chinese firms aggressively book soybeans and auction reserves, StoneX lowers corn yield forecast and global food prices drop in August...
G7 agrees to implement price cap for global purchases of Russian oil; Russia responds
Grain, soybean futures lower, tracking rebound in equity, oil markets ahead of holiday weekend.
Corn, soybeans and wheat bounced back from recent losses in a round of corrective buying overnight that was triggered by outside markets.
Soybean futures extend sell-off as China lockdown fuels recession concerns; corn, wheat also drop sharply.