Wheat started last week with solid gains, but slipped lower after the release of the U.S. Department of Agriculture's June Crop Production report. Corn struggled last week, with a lot of negative news thrown at the market. The USDA report showed larger-than-expected world stocks, with larger production estimates in South America. As of the June 11 close, July soybeans were 2.25 cents higher for the week while November soybeans were down 5.5 cents. At 10 a.m. June 12, July soybeans were down 1.25 cents and the November contract was down 5.25 cents.Markets: Grains retreat following report
Wheat started last week with solid gains, but slipped lower after the release of the U.S. Department of Agriculture's June Crop Production report. Corn struggled last week, with a lot of negative news thrown at the market. The USDA report showed larger-than-expected world stocks, with larger production estimates in South America. As of the June 11 close, July soybeans were 2.25 cents higher for the week while November soybeans were down 5.5 cents. At 10 a.m. June 12, July soybeans were down 1.25 cents and the November contract was down 5.25 cents.