News
Grain and soybean futures posted two-sided trade overnight, with wheat and corn narrowly mixed and soybeans under pressure this morning.
Corn hits five-week high, wheat reaches two-week high amid ongoing Ukraine concern; soybeans expected lower.
Some lawmakers push special counsel at USDA re: meat industry competition | Biden to Iowa
Short-term trend turns up for corn, down for crude oil.
Wheat and corn futures were supported by solid followthrough buying from last week’s gains in overnight trade, while soybeans weakened.
New U.S. gun regulations coming | Vilsack tested Covid-positive
Nearby soybeans soar to two-week highs after USDA cuts supply outlook; new-crop corn hits contract high, wheat surges.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Access this week’s Newsletter here.
USDA left U.S. old-crop corn ending stocks unchanged, whereas traders expected a cut. Global corn ending stocks also unexpectedly increased.
