News
USDA reported net soybean sales of 1.13 MMT for the week ended Aug. 7, with sales primarily to unknown destinations. Meanwhile, old-crop corn and soybean sales each carved marketing-year lows.
Profit taking in soybeans overnight; technical selling in corn, wheat
Prices lower as harvest progresses well
This year’s crop has been hyped up to be record breaking — we will see how that holds up.
Soybeans are pulling corn and wheat higher.
Yesterday, USDA released projections for a record corn harvest of 16.7 billion bushels and sharply lowered its expected average corn price—a combination that could lead to much higher commodity program payouts.
Trading action the rest of this week is critical for corn market
USDA surprised to the upside on Corn yields