It was another day of mostly higher markets as the reversal continued its strength particularly in soybeans and soymeal. While the redirection has been less overall price significant in corn, it was the seventh session higher in the past eight. Soybeans have closed higher in six of the past seven sessions.  There continues to be little fundamental news driving the market, but there is some anticipation. When USDA returns to crop reporting, lower corn yields are expected. Although it doesn’t offset the loss of the huge China market, U.S. soybean exports to other markets are up 45 percent this year. The next several weeks will involve a South American soybean supply gap and the market expects the U.S. will fill some of it based on...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America