Afternoon Market Recap for April 22, 2021
Soybean and wheat prices also trend substantially higher Thursday Less than a month ago, USDA’s bullish set of planting intentions data from March 31 sent corn prices limit up. Today, corn prices received an encore after locking limit up around 10:45 a.m. as the latest weather rally continued to heat up. Historically tight supplies for both corn and soybeans has traders concerned about the seasonally cool, wet weather that is pumping the brakes on planting progress. Corn tracked 4% higher today, with soybeans up nearly 2.5%. Wheat prices also soared, with most contracts adding more than 5% ...