News
Corn and soybeans led buying efforts overnight, though both stopped just shy of key technical resistance. Wheat rebounded early though went into the break near unchanged.
Data was mostly neutral, though the placements figure may support deferred live cattle futures.
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
