Highlights
Reasons corn and beans were strong yesterday:
After months of friendly to somewhat bullish fundamental tidbits and firming basis, the growing season has arrived in North America as the growing season comes to an end in South America. On both continents, there are minor weather problems.
The Black Sea’s largest grain export port is Ukraine’s Odessa. Russia hit military objects hard there on Thursday morning with cruise missiles and reports say a lot of damage with casualties.
The Federal Reserve said Wednesday afternoon it does not expect to raise interest rates this year so the US dollar traded lower.
Crude oil stopped going down on Thursday.
Iowa Soybean Association late Wednesday: