News
Selling was featured across the grain and soy complexes to end the week, though corn and soybeans were able to notch modest weekly gains, while wheat futures marked contract lows.
Access this week’s newsletter here.
President of Minn. Corn Growers Assn. details anxiety in farm country re: low prices
Corn and wheat traded narrowly near unchanged most of the overnight session though saw heightened selling pressure into the break. Soybeans saw relative weakness and went into the break near session lows.
Cash corn and soybean prices rebound from recent lows.
Corn and soybean futures notched gains, while wheat consolidated lower amid lingering technical pressure.
In surprise move, China’s central bank cuts rates, injects funds into market
Corn and soybeans traded on either side of unchanged overnight though saw an increase in buying pressure into the break. Wheat saw relative weakness and gave up most of yesterday’s gain.
Weekly new-crop corn and soymeal sales for the week ended July 18 each exceeded analyst’s expectations, while new-crop soybean sales were within the upper-end of the pre-report range.