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Corn falls to six-week low on lackluster exports, favorable weather; soybeans rally on concern over delays in northern Midwest.
Wheat and corn futures faced heavy selling pressure overnight but remained above Wednesday’s lows. Selling in soybeans was lighter.
Soybean basis continues to charge higher and is well above the three-year average.
Winter wheat futures end lower but recover much of initial slump; new-crop corn falls to two-week low on planting progress.
Highest food price rises since 1980 (grocery stores) and 1981 (all food and restaurants)
Wheat tumbles to two-week lows on reports Russia may allow food shipments; corn sinks near six-week low.
Tuesday primaries | Texas school killings; Biden addresses nation | FOMC minutes | Food prices
Wheat futures sharply extended Tuesday’s hefty losses in overnight trade. Corn and soybeans followed wheat lower.
Corn futures fall to six-week lows after U.S. planting posts big advance; wheat down sharply as slump resumes.
EU and U.S. are working on global oil price caps, Governor Newsom threatens Californians with water restrictions and beef stocks in April rose to a record...
Corn futures lower after USDA reports big increase in U.S. planting; wheat firm on weather concern.