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US: Corn clears the $8 per bushel benchmark

Wheat
United States
Price Trend
Maize (Corn)
Supply Yield / Stock Quantity
Apr 18, 2022
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Soybeans rose almost 2%, with wheat gains varying between 2% and 3%. Most of the Corn Belt will see measurable moisture between Tuesday and Friday, but few areas will gather more than 0.5”, according to the latest 72-hour cumulative precipitation map from NOAA. The agency’s 8-to-14-day outlook near-normal precipitation amounts for most of the central U.S. between April 25 and May 1, with seasonally cool weather likely for the northern third of the country as the month winds down. On Wall St., the Dow firmed 55 points to 34,507 in afternoon trading with the banking sector leading the way today. Investors remain skittish about rising bond rates, however, which can be a precursor to recessions. Energy futures were mixed. Crude oil tracked more than 0.75% higher this afternoon to stay above $107 per barrel. Nearby diesel contracts were up nearly 0.5%, but gasoline dropped more than 1%. Volatile natural gas jumped nearly 7% higher. The U.S. Dollar firmed moderately. Last Thursday, ...
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