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Fundamental & technical analysis of Monday’s wheat markets.
Dr. Joe Outlaw, “I think the biggest reason the U.S. won’t see a crisis like the 1980s again is the federal crop insurance program.”
There have been only five other years when USDA went with an initial sub-trend yield due to slow plantings . . .
The Buenos Aires Grain Exchange projects Argentina’s wheat crop will fall to 20.5 MMT in 2022-23. . .
New-crop futures led the corn market higher after USDA lowered its yield projection more than expected, fueling concern that . . .
Crop insurance premiums could skyrocket as climate change intensifies. . .
China’s ag ministry expects the country’s corn acreage to decline 1.9% . . .
Brazil’s soybean crop is expected to jump nearly 20% . . .
China’s producer price index (PPI) eased to a 12-month low of 8.0% above year-ago in April.
The Surface Transportation Board (STB) implemented new rules for some of the largest railroads after customers said train backlogs have hampered their operations, the agency said.