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Wheat extended gains on crop ratings and drought concerns, while soybeans were mixed and soybean oil rose on crude strength. Corn firmed on short covering and technical buying.
Planting is 23% complete, the fastest start on record, and the EU is considering phasing out soybeans as a biofuel feedstock by 2030.
Wheat strength on drought supports feed-grain prices, while the EU biofuel review could cut U.S. soybean and soyoil export demand over time. Fast planting is a near-term bearish factor for corn.
brownfieldagnews.comJohn PerkinsApr 28, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
