National Ag News
Demand, weather concerns support soybeans, corn
Jul 5, 2017, 17:03 PM
by
System
Soybeans were higher on commercial and technical buying. The trade was watching the weather ahead of the weekly crop progress report. As of Sunday, 98% of U.S. soybeans have emerged and 18% are blooming, both a little faster than their respective five year averages, and 64% of the crop is in good to excellent condition, down 2% on the week. Near term forecasts have more mixed conditions, with generally better weather in eastern parts of the Midwest.
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