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Soybeans were pressured by profit-taking and corrective selling overnight, while the corn and wheat markets faced followthrough selling to Wednesday’s losses.
Soybean basis slipped only a penny as the cash price surged over $1 during the past week.
Soybean futures post contract highs fifth straight day on smaller South American outlook; corn, wheat erase early gains, end lower.
Soybean futures hit contract high for fifth day in row on exports, S. America drought; corn and wheat also higher.
Eurozone inflation continues to climb, the DOC announces countervailing duty rates on UAN and Senator Manchin calls BBB, “dead.”