Soybeans, corn down on less threatening weather forecasts

Soybeans were lower on speculative and technical selling. Many forecasts have less threatening weather conditions in much of the Midwest and Plains starting next week. August is the critical month for beans, so if that pattern extends into next month as expected, it could boost yields. That’s especially critical with the uncertainty over the actual planted acreage total with a producer resurvey being conducted in parts of the northern Plains. China bought 136,000 tons of new crop U.S.

…

Soybeans, corn down on less threatening weather forecasts