News
Soybeans rally to highest close in a week on Midwest heat concerns; wheat up sharply in corrective bounce.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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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.