Wheat
Soybean futures rose the most in nine weeks on concern that dry weather forecast into August will curtail yields in the U.S., the world’s biggest grower. Corn rose, while wheat fell.
Soybeans dropped for a second day in Chicago, heading for a third monthly loss, on speculation that rain forecast for the U.S. Midwest will help improve yields after concern about recent dryness bolstered prices.
New limits announced for grain and oilseed futures beginning May 1.
A surge of cold air is expected to trail the front.
Freezes occurred as far south as west-central Texas overnight.
See all of the report data, coverage and analysis of USDA’s March 31 Prospective Plantings and Grain Stocks reports.
Traders did an impressive job anticipating March 1 corn stocks.
Firms sees corn acres down from 2013, with cotton, soybean and wheat acreage higher.