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China buys more U.S. soybeans | Pelosi comments on infrastructure deal with centrists

Ahead of the Open | August 26, 2021 Corn, soybeans lower after overnight Midwest rain, wheat export sales disappointing.

Sales of old- and new-crop corn were in line with expectations. Soybean sales were strong, as expected, with much of the business known thanks to USDA’s daily reporting system.

Light pressure on corn and soybeans, but wheat bounces back. Bipartisan House bill would promote ethanol use. Philippines approves Golden Rice for commercial use. Beef prices soften for second day in a row.

Soybean basis slipped but the cash price rebounded.

After the Bell | August 25, 2021 Grain futures trade mixed, hogs firmer, with eyes on USDA’s weekly export update.

ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.

China: U.S. faces “most severe” inflation risks of any major economy