Afternoon Market Recap for May 5, 2021
Corn, soybeans and wheat all see positive forward momentum Wednesday Grain prices stumbled on Monday but rebounded on Tuesday. Today, they continued to move higher on another round of technical buying inspired by tightening domestic and global stocks. Wheat prices saw the most upside, with some contracts climbing more than 2.5% higher by the close. Corn prices also rose more than 1% today. Soybeans stayed in the green, but gains were more muted after another consultancy predicted a 5-billion-bushel crop in Brazil this season. Some additional moisture could land on the central U.S. to wrap up ...