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Even with the ‘recipe,’ the corn and soybean markets must still get the ingredients to put in a low.
Forecasts call for non-threatening weather, but cooler-than-normal conditions aren’t what all of the crop needs.
Non-threatening weather is reducing crop concerns and giving funds no concern with actively selling corn and soybeans.
August beans posted a bearish reversal Tuesday and basis plunged, hinting that a top may be in the works for old-crop beans despite tight supplies.
Greeley, is the seat of Colorado’s Weld County, the third-largest U.S. agricultural region, yet its lawmakers want nothing to do with weed production
Forecasts offer hopes of cooler temps and decent rains over the 10-day window. The amount and coverage levels of the rains will be the key in the western Corn Belt.
Demand must tell traders when prices have dropped far enough since weather is seen as non-threatening for the bulk of pollination.
China’s second-quarter gross domestic product report came in as expected.
Corn fell for a second session in Chicago as warm, dry weather improves prospects for U.S. crops that received twice the normal amount of rain during early growth stages.
Recent purchases and USDA’s sharp increase in Chinese wheat imports don’t point to a record Chinese winter wheat crop.