More liquidation in soybeans, corn, wheat – Voice Of Muscatine

More liquidation in soybeans, corn, wheat

Soybeans were lower on fund and technical selling, with old crop ending the week with new contract lows. Beans are watching development weather and harvest activity in South America. There are some areas of concern and there have been recent reductions in production projections, but weather seems to be mostly favorable for now, which should help stabilize conditions and yield potential. Weekly export sales were a marketing year low after a big cancelation by unknown unknown destinations.

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