Wheat: Wheat futures opened higher on Tuesday, with Chicago Board of Trade July futures up 10 cents at $10.73 a bushel. The market is supported by concerns about tight global supplies, as the war in Ukraine has disrupted exports from one of the world's largest wheat producers.
Corn: Corn futures also opened higher on Tuesday, with CBOT July futures up 4 cents at $7.70 a bushel. The market is supported by concerns about dry weather in the U.S. Midwest, which could hurt yields.
Soybeans: Soybean futures opened lower on Tuesday, with CBOT July futures down 1 cent at $16.72 a bushel. The market is pressured by concerns about demand, as China has been buying less soybeans in recent months.
Overall, the grain futures market is mixed on Tuesday, with wheat and corn supported by concerns about tight supplies, while soybeans are pressured by concerns about demand.
Here are some additional factors that could impact the grain futures market in the near term:
Weather: Dry weather in the U.S. Midwest could hurt corn and soybean yields.
War in Ukraine: The war in Ukraine could continue to disrupt global grain exports.
Demand: China's demand for soybeans could continue to be weak.