Source: Ben Potter, FARM PROGRESS, 3/28/22


Grain prices suffered significant cuts on Monday as part of a broad commodity selloff largely triggered by new coronavirus concerns amid fresh lockdowns in Shanghai (a key Chinese financial hub) – the biggest such move since the early days of the pandemic. Ongoing negotiations between Russia and Ukraine created additional bearish pressure for wheat prices today. Corn prices dropped nearly 1%, soybean prices slumped nearly 3% lower, and most wheat contracts were slashed more than 4%.

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