News
Oil futures drop sharply, dragging down agricultural commodities
Lower production potentials are outweighing potential softening demand
Wheat and soybeans continue to trade in their recent ranges.
Detected New World screwworm cases in U.S. now total nine
NOAA officially declared El Niño on Thursday and says the climate pattern has a 63% chance of reaching “very strong” status by fall, potentially shaping U.S. weather through harvest and winter.
Cuts to U.S. wheat production failed to offset other changes globally
USDA sees U.S. wheat production at 1.543 billion bushels; world corn ending stocks estimate rises