Corn futures dropped to new contract lows as rains were heavier and more widespread than expected during the heat wave.
Report showed On Feed at 101%, Placements at 103% and Marketings at 109% of year-ago.
Corn ended marginally to 1 cent higher, but soybeans were 20-plus cents lower. Wheat closed 7 to 12 cents higher. Livestock futures were higher.
Pro Farmer's Chip Flory and Brian Grete discuss favorable crop ratings and the potential for another rally attempt for this week's Profit Briefing segment on AgDay TV.
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
Corn is 2 to 3 cents lower, with soybeans 30-plus cents lower in mid-morning trade. Wheat has firmed. Cattle futures are firmer and hogs are mixed.
Heat to linger in the South and West...
Corn ended 3 cents lower, with soybeans up 3 to 5 cents and wheat up marginally to 5 cents. Livestock futures were lower.
Our job as a nation now is to make the most of the situation. For farmers this means preserving and expanding our trade opportunities and also making progress on agricultural technology.
Corn is 1 cent lower and soybeans are 5 to 7 cents higher. Wheat is mostly 4 to 5 cents higher. Livestock futures are lower.
As of Sunday, July 24
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