News
Small increases in beans and spring wheat, corn down less than a point
Weekly corn, soybeans and wheat inspections each declined on the week.
Friday’s announcement builds upon USDA’s five-pronged plan issued in June to combat the northward spread of NWS. Multiple state departments of agriculture, farm bureaus, and industry associations applauded the effort.
Corrective selling pressure in corn, soybeans overnight
A draft of the much-anticipated report does not recommend direct limits on ultraprocessed foods or pesticides—hazards that Health Secretary Robert F. Kennedy Jr. has described as major threats.
Indiana, Iowa and Wisconsin gain; Illinois unchanged
Corn bulls have shown impressive resilience the past couple of days in the wake of Tuesday’s USDA Crop Production Report.
High heat in the central/southern U.S.
The U.S. is urging the Codex Committee on Pesticide Residues to delay adopting a new pesticide risk assessment method and gather more data first.
Significant increase in dry conditions for Arkansas
Net sales reductions for old-crop corn and soybeans were rather disappointing today as traders and analysts alike are looking for old-crop exports to end the year strong.
While prices were mixed, most still remain above nearby futures.
USDA reported net soybean sales of 1.13 MMT for the week ended Aug. 7, with sales primarily to unknown destinations. Meanwhile, old-crop corn and soybean sales each carved marketing-year lows.
Profit taking in soybeans overnight; technical selling in corn, wheat
Prices lower as harvest progresses well