Soybean futures rally as stocks-to-use ratio hits 7-year low.

Virginia McGathey breaks down recent upside momentum across the grain complex. Soybean futures continue to see support, climbing on strong demand from China and a stocks-to-use ratio that marks a seven-year low. In the corn market, prices move higher as scouts on the Pro Farmer crop tour project a 5% to 10% drop in Midwest yields, sparking concerns over reduced production. Wheat futures also firm up amid ongoing supply constraints, driven by declining shipments out of the Black Sea and a stocks-to-use ratio hitting its lowest level in four years.