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Statement on X: Will focus on fulfilling his duties for remainder of term; will address nation later this week
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