Less Wheat Than Expected: Wheat inventories will likely drop to a 16-year low as a drought in the Southern Plains is expected to take out a sizable chunk of production, the USDA said. AHEAD--The USDA will release its weekly grains export inspections report at 11 a.m. --The USDA will release its weekly crop progress report at 4 p.m. --The USDA will release its weekly export sales report at 8:30 a.m. --The USDA will release its monthly Chickens and Eggs report at 3 p.m.

Source: Wall Street Journal May 12, 2023 19:34 UTC