Soybeans gain with corn, wheat moving lower – Voice Of Muscatine

Soybeans gain with corn, wheat moving lower

Soybeans were higher on speculative and technical buying. Forecasts for most of the Midwest are hot this week and dry into September, potentially stressing the crop. The weather earlier in August helped, but this shift back to hot and mostly dry conditions will probably have an impact on yields. The USDA says 59% of U.S. beans are in good to excellent shape, unchanged, but with 1% falling from excellent to good, while 96% of the crop is blooming, matching the five-year average, and 86% of the crop is at the pod stage, compared to 84% on average.

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