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Soybeans futures surge to four-week high on impending Midwest heat wave; corn, wheat also firmer.

Farm diesel prices are falling but still 75% above year-ago.

Rains fell over the Corn Belt though traders are focused on forecast dryness, Manchin caves on spending package and spring wheat yields continue to impress...

As of July 26, 68% of the U.S. was experiencing abnormal dryness/drought, down one percentage point from the previous week, but flash drought intensified over parts of the Great Plains, Ozarks, and Mississippi Valley.

Soybean futures climb to two-week high, corn firmer, on hot Midwest forecast; wheat also higher.

GDP fell 0.9% in 2Q, second straight decline and a strong recession signal

Weekly export sales this morning for week ended July 21 revealed a continued theme of sluggish new-crop corn and old-crop soybean sales. New crop soybean sales were the bright spot; well above expectations.

Corn and soybean futures were supported by followthrough buying overnight amid forecasts calling for hot and dry conditions next week, while wheat rebounded from Wednesday’s losses.

$20 bil. to support climate-smart ag practices; SAF tax credit of $1.25/gallon