News
Traders were expecting net new-crop soybean sales for the week ended Aug. 21 to range from 450,000 MT to 1.0 MMT.
Soybeans lead overnight strength while corn and wheat saw action on either side of unchanged.
Cool weather this week in the Midwest
Conditions declined but still remain stronger than last year
Monthly survey of bankers finds growing pessimism
The team dives into the Crop Tour results, what moved the markets last week and what to watch out for this week.
USDA reported weekly wheat inspections totaled 946,472 MT for the week ended Aug. 21, which were more than double the previous week and well above pre-report expectations.
Early this morning, U.S. health officials confirmed the nation’s first human case of screwworm in decades. Cattle producers are watching closely.
Corn led strength overnight as soybeans and wheat followed modestly to the upside.