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7/8/26
Corn down 8, Beans flat, Wheat down 11
Crude Oil-73.78 up 3.34
US Dollar-100.95 down .06
Dow Jones-52,306.16 down 618.99
Overnight beans rallied on news of China purchasing nine more cargos of US beans. A slightly wetter forecast pressured corn which spilled weakness into the soybean market. We are in a weather market so all eyes will be watching the Sunday evening forecast. Wheat harvest is still underway and today pressure from hedging led to double digit losses.
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