News
Price action in grain and soy futures was relatively quiet in two-sided trade overnight.
Soybean futures settle at 2 1/2-month high as South America dryness persists, wheat firmer, corn down slightly.
Soybean and wheat export inspections each declined mildly from week-ago.
Wheat extends three-week slide, corn also lower; soybeans supported by South America dryness
Soybean futures are higher with corn and wheat under pressure. Cattle and hog futures open the week amid moderate selling pressure.
China’s central bank cuts main interest rate first time in 20 months as other central banks tighten
Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.
White House, Sen. Sanders issue harsh statements about Manchin
Editor Brian Grete and Davis Michaelsen discuss this week’s market action...