As AAA s national average diesel price hit a new record high of $5.77 Sunday, palm oil prices are showing signs of a possible top, offering conflicting signals for soybean oil prices.
Some farmers in the northern U.S. will pivot away from corn after a wet, cold May, but prevent plant remains a rarer resort, thanks to strong commodity prices for other row crops.
Nonstop rain and overland flooding in parts of North Dakota and Minnesota are dampening the hopes of farmers wanting to get all their intended wheat, durum and other crops planted.