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The European Commission looks to thwart Russian port blockade, diesel prices score fresh record high and the Bloomberg Commodity Agriculture Index soars...
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