News

In week ended May 11 corn and wheat marked new marketing year lows with net reductions of 339,000 MT and 42,100 MT, respectively. Weekly soybean sales were down 73% from the week prior and 89% from the four-week average.
Wheat futures posted sharp losses overnight amid followthrough selling, while corn and soybeans faced lesser selling pressure.
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Cash corn and soybean prices well under year-ago.
Cash prices for corn and soybeans dropped sharply over the past week.
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Corn, soybeans and SRW wheat will face followthrough selling, while HRW and spring wheat may be mildly supported by crop concerns.