Pro Farmer
Rising inventories and declining auction values strain dealers, farmers, and manufacturers, leading to layoffs and financial pressures across the industry
Agricultural credit conditions in the Tenth Federal Reserve District tightened further in the second quarter of 2024
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Selling persisted most of the overnight session in corn, soybeans and wheat, though buying efforts increased into the break.
Corn and spring wheat futures were unable to build on Monday’s gains during the overnight session, while soybeans and wheat faced followthrough selling.
All three crops remain rated well ahead of average for the second week of August.
