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Corn retreats with soybeans, wheat mixed

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Soybeans were mixed. Contracts consolidated, watching the weather, with scattered rain in the region ahead of a hot, dry pattern next week. That’s expected to increase stress in parts of the Midwest and Plains and could last into early August, the critical month for soybean development. Old crop export sales were up on the week, but lower than average, while new crop was solid. The big buyers for old crop were the Netherlands and Germany, with a cancellation by unknown destinations, while Mexico, unknown, and China led the way for new crop.

Corn retreats with soybeans, wheat mixed