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China’s economic growth slows, French wheat harvest is ahead of schedule and Senator Manchin disapproves of new spending...
Potential CARB changes could impact soy use | China GDP underwhelms
Corn and soybeans are expected to open firmer, with corn getting a boost from a daily sale to China for 2022-23. Wheat is expected to open weaker.
Modest corrective buying was seen in the corn, soybean and wheat markets overnight as traders continued to monitor weather and macroeconomics.
Corn, soymeal hold strength into the close, soybeans, soy oil, and wheat end lower.
As of July 12, 69% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, down one percentage point from the previous week.
European Commission raises EU inflation forecast, Brazilian company wins approval to export pork to Canada and the pork cutout taps a new high...
Resuming Ukrainian grain exports faces several hurdles, including what Putin says
Corn and wheat are expected to open firmer based on late strength overnight but buying may be limited given negative outside markets.
Export sales for the week ended July 8, 2022, shows larger than expected wheat exports, with soybeans falling short of expectations.
Overnight price action was two-sided and relatively quiet, though corn, soybeans and winter wheat all lower and near session lows this morning.
Corn and soybean basis are both well above their respective three-year averages.
Corn, soybeans attempt to add weather premium, wheat trades lower for third consecutive trading session.
IMF cuts U.S. GDP growth forecast, USDA announces counties eligible for double-crop insurance opportunities and strong beef movement suggests near-term cash market strength...
Russian, Ukrainian militaries again set to discuss grain exports amid murky outlook
There was two-sided trade in grain and soy markets overnight, though outside markets have turned negative this morning.
Two-sided trade was seen in the grain and soy markets overnight, with corn and wheat firmer this morning while soybeans is modestly weaker.