News
Corn, soybean futures seen firmer on weather, supply concerns; spring wheat extends rally.
Fed chief Powell warns soft landing ‘won’t be easy’ and does not rule out higher rate hikes
Spring wheat futures built on Thursday’s limit-up performance overnight, while corn and soybeans also traded higher. Winter wheat futures eased a bit from yesterday’s strong gains.
New-crop corn futures rally after USDA cuts U.S. yield estimate; wheat surge on tighter supplies.
Based on U.S. Drought Monitor data as of May 10, 68% of the U.S. winter wheat crop area was experiencing drought, down one percentage point from the previous week.
Wheat futures rocketed higher on the bullish report data.
USDA also expects a drop in 2022-23 global wheat production and supplies.
China buys more U.S. corn | EWG says crop insurance needs reformed | FTC update
Grain, soybean futures mixed to weaker as trade awaits USDA Supply and Demand update.