Source: FARM FUTURES, 7/2/18


USDA’s weekly export inspections report shows what was. Numbers reported today for last week were good for corn and soybeans. But the grain market remains focused on what will be, especially on Friday when U.S. tariffs are set to go into effect that could trigger Chinese retaliation, effectively blocking U.S. crops from the world’s largest country.  Corn, soybeans and wheat were all lower, giving up overnight gains and, at least for now, ending a brief rally on weather concerns.

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