News
Corn and soybeans both edged to fresh near-term lows into the close, amid risk-off sentiments following a week of volatile trade in the broader marketplace.
Soybean futures took back Monday’s gains, while corn ended the session modestly weaker amid mixed outside markets, though firming wheat prices lent support.
Iowa was the only state in the Farm Credit Services report to experience a decline in farmland values.
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Corn, soybeans and wheat each traded lower in overnight trade, despite rebounding outside markets.
All three crops remain rated well above last year at this time.
The grain and soy complexes ended the session higher, despite a broad risk-off tone across the marketplace, with extended weakness in the U.S. dollar lending support.
Josh Linville, Director of Fertilizer at StoneX surveys the current situation and looks out to the coming months
Weekly corn inspections during the week ended Aug. 1 totaled 1.2 MMT, up 143,000 MT from the previous week and topping analysts’ pre-report expectations.