News
Corn and soybeans traded on either side of unchanged overnight though saw an increase in buying pressure into the break. Wheat saw relative weakness and gave up most of yesterday’s gain.
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.
Corn futures edged higher for the third straight session, though earlier gains across the grain and soy complexes faded as the U.S. dollar rose from its mid-morning low.
Rising property insurance costs for farmers and ranchers | GT Thompson blasts Stabenow
Corn and wheat saw action on either side of unchanged overnight though corn, soybeans and wheat were each trading lower into the break.
Technical headwinds and U.S. dollar strength weighed on wheat futures, which pulled corn and soybeans from intraday highs.
‘Unless conditions change, I believe we’re heading into a perfect storm…’