News Snapshot:
U.S. wheat futures fell Wednesday to the lowest level since July 2021, as Russian exports continue to squeeze world prices. "World wheat prices are in freefall with not enough import demand and lower Russian prices," Steve Freed of ADM Investor Services said, according to Dow Jones. Chicago Board of Trade wheat futures (W_1:COM) for May delivery finished -2.9% to $6.63 1/2 per bushel, surpassing an 18-month low set earlier this month, while May soybeans (S_1:COM) settled -1.3% to $14.48 1/2 per bushel and May corn (C_1:COM) closed +0.6% to $6.33 1/2 per bushel. ETFs: (NYSEARCA:WEAT), (SOYB), (CORN), (DBA), (MOO) Meanwhile,...
