Grain TV: Strong Week for Wheat, Soybeans Suffer Declines
Wheat’s enjoyed a fairly strong week after several months of steady sell-offs, boosted by discounted prices compared to corn and a jump in export demand. Soybean crushing numbers today were disappointing for the market, and with South American sales starting to pick up it seems likely prices will continue lower.
By Emily Unglesbee DTN Staff Reporter USDA boosted corn acres above pre-report expectations to 94.15 million acres, up 7% from last year. Soybean acres also rose to 83.69 million acres,