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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.