Corn and soybean futures dropped to new contract lows over the past week as speculators built short positions amid ongoing trade uncertainty and a lack of weather concerns. We spend some time talking about how these factors played into USDA’s July 12 reports.
The Trump administration sounded a bit more upbeat about reaching a deal with China, though the markets and farmers crave certainty on the front. There has also been a more positive tone regarding trade relations with Mexico.
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