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August soybeans closed at $12.37-1/2 and November at a new contract high of $12.43-3/4. The rally reflected strong China demand, with 56.5 million bushels of new-crop export sales in the latest weekly report, 40 million of them to China.
Hot, dry forecasts for the Northwestern Corn Belt also lifted corn, while wheat took profit.
Strong China buying and weather risk support soybean and corn prices, which raises the cost of soy-based and corn-based feed. Wheat's profit-taking suggests less near-term pressure from the Black Sea rally.
agweb.comMichelle RookJul 23, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
