News
Soybeans surged higher overnight, supported by Trump encouraging China to increases purchases of U.S. soybeans.
Corn, soybeans and wheat each saw an extension of recent strength early in the overnight session before testing technical resistance, which spurred selling pressure as bears continue to hold the near-term technical advantage.
Derecho hits Montana, southern Canada, Minnesota
Corn and soybean acres impacted by drought have declined every week since late May
Agriculture and dairy in particular remain sticking points.
Cash prices are on the decline as harvest approaches
Grains saw a solid rebound overnight that was bolstered by stronger than expected export sales this morning, which pulled soybeans higher as well.
New-crop corn sales blew past expectations, while wheat and old- and new-crop soybean sales were also stronger than expected.
Mini heat wave gripping the Great Plains
Prices continue to track well above last year