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Soybeans up, corn mixed, wheat down ahead of USDA reports

Soybeans were higher on commercial and technical buying but did settle closer to the day’s lows than the highs. Many near-term forecasts have hot, dry weather, potentially stressing the crop. Some longer-term outlooks have that continuing into August, a key month for soybean development. The USDA says 62% of the crop is in good to excellent condition, down 1% on the week, with 32% blooming, compared to the five-year average of 38%, and 6% at the pod setting stage, compared to 9% on average.

Soybeans up, corn mixed, wheat down ahead of USDA reports

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