Agriculture News
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during the overnight session.
Grain and soy futures are expected to open mostly firmer this morning after favoring the upside in two-sided trade overnight.
USDA reported corn sales were up 33% on the week, while soybeans were up noticeably and up 73% from the four-week average. Weekly wheat sales rose 37% week-over-week, but were down 17% from the four-week average.
Corn, soybeans and wheat traded on both sides of unchanged overnight but have firmed early this morning.
Soybean basis is in line with the three-year average.
Crop conditions fall in corn, soybeans and spring wheat
Wheat inspections in week ended July 20 were up 85,621 MT from the previous week and above the pre-report range. Soybean inspections rose notably from the previous week, while corn fell 100,000 MT.
Cattle herd declined 2.7%; beef cows dropped 2.6%.
June placements unexpectedly increased from year-ago.
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