Another interesting week with corn prices slipping lower by about USD 3 to 5 m/t while soybeans were up by about the same amount, but wheat prices took a very nice dip with prices for winter wheat dropping by about USD 7 to 10 m/t.
Soybeans were the commodity of interest in all the news stories this week with the revised Argentina soybean crop down by another 6.5 million m/t – about 15% - and overall crop yield down by 12%, all due to the lack of moisture in much of Argentina........please click PDF to see more details