Spring wheat crop conditions are deteriorating amid drought in the Northern Plains and PNW.
An already low spring wheat CCI rating falls even further below the five-year average
FBN calling for soybean plantings to drop more than 1 million acres vs. March intentions. Rising grain crop forecasts for the Black Sea region.
Frosts/freezes over the holiday weekend have grain and soy futures soaring to start the week.
More rain is coming for the Northern Plains. Weather will share the spotlight with USDA's June S&D and Crop Production Reports. JBS announces it did pay $11 million in ransom.
Corn condition ratings dropped a bit more than expected, while spring wheat ratings plummeted. Cotton ratings improved notably.
Hot, dry weather for northwest Corn Belt again drags down corn ratings. Spring wheat ratings unexpectedly improve. Big drop in SovEcon’s Russian wheat crop forecast on smaller acreage and drought.
Trading limits are expanded today after yesterday's corn market surge, U.S. and Taiwan officials meet and Smithfield Foods pays hefty fee...