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Putin mulls return to Black Sea grain pact | Farm bill update | SPR | Helping Taiwan

Corn and wheat futures are expected to open higher amid Black Sea supply concerns after Russia attacked a Ukrainian port on the Danube River. Soybeans are expected to open lower on forecasts for improved weather.

Corn and wheat futures posted corrective gains overnight after Russia attacked a key Ukrainian port but have come well off their highs this morning. Soybeans initially traded higher but have weakened.

After the Bell | August 1, 2023

This month’s rise was primarily the result of farmers’ improved perception of current conditions on their farms.