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.
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.