US grain benchmarks appreciate on gloomy economic outlook

11.05.2022

Chicago wheat, corn, and soybean futures edged up on Tuesday, steadying after a day-earlier slide fueled by macro-economic worries, as traders assessed mixed conditions for U.S. crops.

The most-active Chicago Board of Trade (CBOT) wheat contract was up 0.5% at $10.98½ a bushel by 1042 GMT. The contract had reached a...