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Corn, soybeans and wheat each favored the downside in overnight trade and are giving up most of yesterday’s gain.
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Monday’s lows in the grain markets are now key price levels
Western Corn Belt states continue to drive the U.S. crop lower
Bill Watts and Lane Akre discuss the weather outlook, crop conditions and a big soybean purchase by China; Spencer Langford dissects the cattle market’s reaction to the border reopening and highlights a telling statistic.
Corn and soybeans have negated their summer rallies and are beginning to trend lower on the daily bar chart.
Wet weather forecasts see corn and soybeans begin August under pressure...