Agriculture News
New-crop export sales for corn, soybeans and wheat each landed within analysts’ pre-report expectations, though soyoil sales posted net reductions for a second straight week.
Corn and soybean basis remains well below average despite weak cash prices.
The November elections won’t play role in monetary policy moves or timing.
Soybeans firm overnight, buying limited in corn and wheat
All three crops remain rated much better than last year at this time.
Wheat inspections led the weekly increase, rising 168,623 MT, while soybean inspections exceeded pre-report estimates. Corn inspections were just short of topping analysts’ pre-report range.
Soybeans are facing heavy followthrough selling to open the week.
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.