Soybeans
Corn exports remain well ahead of last year as harvest approaches despite a slower week.
Changes in rail rates and expanded crush capacity could reshape soybean basis and marketing opportunities across producing regions.
Agricultural export prices rose in July even as broader U.S. export prices declined.
Weak grain prices could limit China’s demand for U.S. corn despite potential trade opportunities.
Some southern areas are running ahead of schedule as attention turns to conditions farther north.
Corn export inspections remain well ahead of last year as soybean and wheat shipments lag.
Scouts are finding a mix of strong corn and areas affected by drought and hail.
China purchased roughly 53 million bushels of new-crop soybeans as U.S. corn demand also remained solid.
Much of the crop cleared pollination as current projections remain near 16 billion bushels.