Agriculture News
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Weekly cash corn prices weakened, while soybean prices firmed.
Soybeans tried to work higher on corrective buying overnight, but succumbed to continued pressure on soyoil late in the session.
Potential quiet end to the week comes after earlier volatile price action.
Bankers Note weakening financial conditions.
Chicago Federal Reserve Bank Also Finds 4% Quarterly Gain.
Creighton’s monthly survey finds growing pessimism.
The Seasonal Drought Outlook calls for drought to persist or develop across the much of the western Corn Belt and Plains through August.
Soy stocks historically come in tighter than estimated.
Limit-down trade in soyoil tied to concerns the renewable diesel target for next year may be lower than expected and sharply lower trade in crude oil.