Soybeans, corn dive on rain potential
Soybeans were sharply lower on speculative and technical selling. The USDA’s national good to excellent rating declined to 51%, but beans have more time to bounce back than corn, with August the key month for beans. The ongoing El Nino pattern typically, but not always, leads to a wetter weather pattern in some currently very dry U.S. growing areas. It’s unlikely the USDA will make significant adjustments to yield projections […]

