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Wheat Swings and Soybeans Surge
Wheat futures fluctuate 10-15 cents daily due to Black Sea crop concerns and Kansas City wheat tour results. Soybeans rise on Brazilian demand. Cattle prices peak pre-Memorial Day.
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Delayed Planting Pressures Prices
Farmer selling impacts wheat and corn prices, while soybeans drop despite sales. Delayed planting affects corn prices in key states. Livestock futures show optimism. Gold, silver, Bitcoin rise; crude rebounds.
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Weather Delays Impact Grain Prices
Midweek saw early wheat gains sold off as farmers sold pickup, then prices rose again briefly. Corn and wheat dropped, soybeans fluctuated. Delayed planting due to inclement weather persists, affecting prices.
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Trends and Turbulence
Wheat futures rebounded strongly after losses, driven by concerns over Russian wheat production due to frost and drought, while corn retreated amid planting challenges.
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Rain Hits Soybean Production
Grain futures surge as Russia's wheat production declines due to freezes. Expect export restrictions as production dips below 84 million metric tons. Livestock markets fluctuate.
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Corn and Wheat Find Favorable Numbers Amidst Russian Wheat Woes
Friendly numbers for corn and wheat. Russia's winter wheat freeze drives buying interest. Spring wheat planting may reduce production. USDA report impacts corn and soybean markets. Wheat strength from production adjustments.