Soybeans, corn down ahead of widespread harvest

Soybeans, corn down ahead of widespread harvest

Soybeans were modestly lower on fund and technical selling. It was an up and down day for beans, eventually bowing to early harvest pressure and a lower move in crude oil. There was little reaction in the commodity markets to the tentative agreement averting a U.S. railroad strike. The delayed export numbers were good, with the sales pace ahead of last marketing year. China and unknown destinations were the biggest buyers last week. The 2021/22 total was down 6% from 2020/21.

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