News
Corn futures fade from early climb to four-week highs as Midwest faces another heat wave; wheat drops sharply.
Heat isn’t expected to build in the central and northern Corn Belt until after corn pollination.
House GOP member focusing on Vilsack’s tapping of CCC Charter Act
NATO will send more aid to Ukraine, China’s sow herd expands and House lawmakers will begin work on a plan to lower food and fuel prices...
Corn, soybean futures expected higher with more extreme heat ahead for Midwest; wheat also higher.
Corn sales were a marketing-year low for 2021-22 and light for 2022-23, too.
Corn futures mildly built on Wednesday’s gains overnight, while soybeans and wheat traded mixed.
Today’s 75-basis-point increase to interest rates signals the Fed has grown increasingly concerned with inflation, though it is still playing catchup.
Corn basis continues to firm. The national average cash price is now just shy of $8.
Nearby corn futures rise near three-week high on firm demand; winter wheat lower amid harvest pressure.
Fed may raise rates more than originally expected, Russia’s oil revenues soar despite sanctions and cash cattle trade firms...