News
USDA’s weekly export inspections proved steady for corn, soybeans and wheat for week ended August 18. Corn and wheat inspections were notably higher over the previous week, while soybeans fell behind.
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Soybeans expected lower with rain expected to aid crops; corn little changed, wheat firmer in correction.
Wheat futures were supported by mild corrective buying overnight, while corn and soybeans pulled back from yesterday’s gains.
Corn, soybean futures end higher second day in row on stronger exports as traders eye weather; wheat drops to 10-month lows.
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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.
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