Soybean futures reach seven-month high

Soybean futures last Monday closed 9 points higher at $9.12 per bushel, the highest price since Jan. 22. The rally was fueled by less-than-ideal weather forecasts and continued strong import sales for new-crop soybeans. Weather reports Monday were indicating 50 percent of usual rainfall [...]

August WASDE: Corn production uncertain following derecho

USDA raised its 2020/21 corn yield estimate to 181.8 bushels per acre (bpa), up 3.3 bpa from July’s forecast, which was already calling for a record high. This new yield forecast boosted new-crop production by 278 million bushels to 15.278 billion bushels, a new [...]