Agriculture News
Active followthrough selling in soybeans overnight.
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Cash corn and soybean prices rebound from recent lows.
Weekly new-crop corn and soymeal sales for the week ended July 18 each exceeded analyst’s expectations, while new-crop soybean sales were within the upper-end of the pre-report range.
Corn near unchanged, beans and wheat lower early this morning.
Basis drops for corn and soybeans as cash prices rise.
The spring wheat CCI rating slipped a little.
Wheat inspections during the week ended July 18 slid 383,000 MT from the previous week, falling short of pre-report expectations.
Soybeans are sharply higher with milder gains in corn and wheat. Cattle futures are sharply higher to open the week and lean hogs are mildly favoring the upside...
No changes to short, intermediate or long-term trends.
Grains solidly higher overnight to open the week.
Data was mostly neutral, though the placements figure may support deferred live cattle futures.
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Cotton sales during the week ended July 11 totaled 27,200 RB, down 50% from the previous week and 74% from the four-week average, while old-crop corn sales were short of pre-report expectations.