News
U.S. dollar weakness, in the wake of a lower June CPI reading, spurred modest short-covering ahead of USDA’s supply and demand update on Friday.
Vilsack asked to review the approval
Corn price outlook shows potential of $3.50 to $3.75 as farmers hold a lot of stocks
Response rates declining | Factors affecting response rates | USDA and ag industry comments
Corrective buying was featured across the grain and soy markets overnight, with each going into the break near session highs.
Soymeal sales fell 75% from the previous week, while beef sales dropped 46%.
Corn and soybean basis firmed as cash prices dropped.
Soybeans and wheat led the grain and soy complexes lower, while hog futures closed sharply lower amid cash market pessimism.