News
Corn soybeans and SRW wheat each notched weekly losses as technical pressure continues to curb buyer interest, though SRW futures notched a promising daily gain despite followthrough strength in the U.S. dollar.
Access this week’s newsletter here.
Top Dem pressure on Biden to exit accelerates | WOTUS | Houthis | World IT outage
Wheat led the way higher overnight as corn, soybeans and wheat each favored the upside.
Corn faced corrective selling following two days of gains, while soybeans ended the session modestly higher.
House Ag panel hearing July 23 will show ag sector price/financial pain; Groups urge support for sugar policy
Corn and soybeans faced modest selling pressure overnight while wheat saw mild gains.
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.
Corn and beans lower, wheat mostly firmer overnight.
Corn and wheat posted modest short-covering gains at midweek, which stemmed from U.S. dollar weakness and a rally in crude oil futures. Soybeans ended mostly lower; seemingly caught in the crossfire of apparent spread trading in derivatives.
Why food prices surged | Farm bill | Iranian plot | Deere flip-flops on DEI | More layoffs at Deere | Trump on Fed’s Powell | Commercial real estate crisis | Egypt’s big wheat buy
Corn, soybeans and wheat each favored the upside in overnight trade, with buying efforts intensifying this morning.
Corn and soybean futures posted modest corrective gains, while wheat edged lower amid technical selling.
IMF forecasts | Vance on biofuels | GM tamps down expectations for EVs | Fed chair comments
Corn, soybeans and wheat each saw corrective buying overnight though saw an increase in selling pressure into the break.