Highlights
Dr. Cordonnier left his yield and production estimates unchanged for US corn and beans.
French Ag ministry first production estimate of the year say's France's wheat production will be 15% less than a year ago due to poor weather.
Federal Reserve Chairman Jerome Powell said in remarks to Congress yesterday the U.S. is "no longer an overheated economy" as the job market has cooled and in many ways is back where it was before the health crisis.
Powell told the Senate Banking Committee yesterday, “We are well aware that we now face two-sided risks, and can no longer focus solely on inflation. The labor market appears to be fully back in balance."