Wheat futures caught a lot of selling today, but recovery in soybeans and corn helped limit some losses.
Wheat futures caught a lot of selling today, but recovery in soybeans and corn helped limit some losses.
After sharp gains overnight, wheat futures are sharply lower today, while corn gave up strength. Only soybeans are firm on continual Chinese buying.
Corn and soybeans are having a mostly firm day, while wheat futures have double-digit losses on potential rain for the HRW wheat belt.
Corn, soybeans and wheat all went from sharply lower this morning to sharply higher into the noon hour.
Wheat and corn futures are sharply higher today, while soybeans recover from Monday's massive selling.
Large opposing stories have grain markets sharply divided today.
Another crop report is out today as another opportunity for the USDA to try to tamp down on inflation by putting out a negative report. It didn't work.
Wheat futures are carrying the grain market higher as the USDA reveals the second-worst USDA wheat crop ratings on record.
It's the day after the major March 31 USDA crop report, and fitting with typical US reports, sell the day after whether friendly or negative.
Grain futures find a quick recovery today in price after Tuesday's failure to find peace.