Long-range weather forecasters are keeping an eye on recent events in California.

Transaction first announced in November 2022.

Unexpected reduction sent futures higher after reports released.

Issues request for applications proposing “climate-smart” practices for corn, wheat and oats.

Drought, lower stocks offset higher planted area.

Significantly lower import totals projected in Africa, South America.

Family flour price eases in month.

Higher US beet, cane sugar production expected.

Corn, soybean production estimates revised lower for 2022.

If realized would be an eight-year low.