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Morning Market Review for April 26, 2021


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Corn, wheat start the week on a bullish note. (Comments are updated by 7:30 a.m. Central Time.)
Chinese demand and weather woes continue to fuel rallies
Corn up 7-15 cents
Wheat up 14-18 cents
Corn
Corn prices are on a tear again this week, with dry weather in Brazil and planting delays in the U.S. raising concerns about global supplies in the overnight trading session. Old crop prices rose $0.13-$0.15/bushel on steady demand from China, while new crop futures are trading $0.07-$0.09/bushel higher on the narrowing supply outlook. The nearby May 2021 contract notched its highest price since June 2013 on the underlying sentiments. ....

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