Soybeans were lower on favorable harvest weather in Brazil. DTN quoted a private firm saying 70 percent of Brazil’s harvest is done. U.S. export business continues to slow as Brazil’s shipments pick up.
Corn extended its losing streak to six consecutive days, although the nearby was only a half-penny lower. Weather is bearish in the U.S. and South America. In the U.S., forecasts have rain in the country’s driest areas. Corn demand, however, is still good.
Continue reading Soybeans, corn, wheat lower on rainy forecasts at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.