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Ahead of the Open | May 17, 2022 Wheat futures turn lower on easing concern over India export ban; soybeans firmer, corn weaker
Wheat futures gapped higher overnight but reversed lower and are under heavy pressure this morning. Corn and soybeans also traded lower.
Wheat futures rally daily trading limits after India export ban fuels supply concern; corn, beans also surge.
HRW CCI rating drops to the lowest of the year, while the SRW rating improved to its highest of the spring.
Program has new name of Emergency Relief Program (ERP)
Soybean inspections continue to run stronger than normal for this time of year.
Wheat futures gapped higher overnight and corn and soybeans open the week amid solid price support. Lean hog futures are sharply higher with the cattle complex mixed to moderately lower.
Wheat futures soar to multi-year highs after India bans exports; corn and soybeans also higher.
