Pro Farmer
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.