Grain Express 05/04/22

Posted: May 4, 2022, 8:11 a.m.

Corn (July)

Fundamentals: Corn futures are moving higher this morning with some help from headlines in wheat and oil markets. India has revised their wheat production estimates down 5.7%, which has wheat trading 35 cents higher as of writing this. On the energy side of things, Crude Oil is up over 4% as the EU proposes a ban on Russian oil over the next 6-months and refined products by the end of the year

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Soybeans (July)

 

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Wheat (July)

Fundamentals: Wheat rallies as much as 20 cents, in 3 minutes (around 6:10 AM CT), on headlines from India that showed production estimates revised lower by 5.7%. There were also rumors that they may consider restrictions on exports.

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Grains Soybeans Corn Wheat

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