News
Corn, soybean futures end higher second day in row on stronger exports as traders eye weather; wheat drops to 10-month lows.
Big price rebound for cotton following USDA’s much smaller-than-expected crop estimate on Aug. 12.
U.S. and Taiwan talk trade, the U.N. releases report confirming forced labor in China and renewed shipping woes begin to multiply...
The NWS 30-day forecast calls for below-normal precip across the northern and western Corn Belt during September. There are also higher odds of above-normal temps over much of the western Corn Belt next month.
Republicans get nervous about taking over Senate amid indications of very tight contests
As of Aug. 16, 67% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, up one point from the previous week. Rainfall across the Midwest was ‘hit-and-miss.’
Corn, soybeans under pressure ahead of Midwest rains; winter wheat drops to seven-month low.
USDA export sales data through week ending August 11, revealed new-crop soybeans sales were the largest for either 2021-22 or 2022-23 since the end of March, with wheat export sales reaching a marketing-year low.
Active followthrough selling weighed on wheat overnight, while corn and soybeans faded amid spillover pressure and favorable weather forecasts.
Corn and soybean basis continues to slip ahead of harvest, but remains well above average.