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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

Hurdles remain, including Sen. Sinema’s position and House Democrats

Cash soybean prices posted a big gain over the past week.

Soybean futures climb near four-week high on concern Midwest heat may curb yields; corn firm, wheat lower.

Potential impacts of higher interest rates on farmland values and cash rents.