Pro Farmer
Missouri’s Cori Bush becomes second Squad member to lose primary race
Wheat continues to show relative while corn and soybeans saw followthrough selling overnight.
Followthrough buying in wheat, corn and beans extend losses overnight.
Soybean futures took back Monday’s gains, while corn ended the session modestly weaker amid mixed outside markets, though firming wheat prices lent support.
Iowa was the only state in the Farm Credit Services report to experience a decline in farmland values.
Annual USDA Report Pegs Average Value at $5,570 an Acre
U.S. international trade deficit narrowed to $73.1 billion in June 2024
Corn, soybeans and wheat each traded lower in overnight trade, despite rebounding outside markets.
All three crops remain rated well above last year at this time.
The grain and soy complexes ended the session higher, despite a broad risk-off tone across the marketplace, with extended weakness in the U.S. dollar lending support.
Josh Linville, Director of Fertilizer at StoneX surveys the current situation and looks out to the coming months