Grain TV: Soybeans Hammered by South American Weather
Rains in South America hammered the soybean market while corn remained relatively unchanged, moving slightly higher. While the rain event should seem to be more of a corn story, soybean’s sharp decline could stem from a lack of any major upcoming reports to keep the bulls in the market following last week’s rally.
U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) recognize that President Trump’s executive order to withdraw the United States from the Trans-Pacific Partnership (TPP) was inevitable.