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Vilsack to detail over $2 billion in funding to transform U.S. food system
Wheat futures expected firmer as trade eyes prospect for Ukraine shipments; corn, soybeans firmer.
Two-sided trade was seen overnight, with wheat and soybeans firmer amid corrective buying this morning, while corn is trading just below unchanged.
Winter wheat futures tumble to four-week lows on potential for Ukraine supplies; corn drops to four-week low.
HRW crop is still rated well below its five-year average, while the SRW crop is slightly above normal.
Corn inspections were near the middle of expectations, while soybean inspections were at the lower end of what traders anticipated.
Wheat and corn futures are under heavy pressure coming out of the holiday weekend amid reports Russia will work with Turkey to facilitate Ukrainian grain exports.
Can China’s economic stats be trusted? WSJ blasts Biden on not helping Ukraine enough
Wheat futures down sharply on prospects for Ukraine supplies; soybeans climb to contract highs.
