Export Sales for the Week were All on the High Side of Expectations

Corn and beans were modestly higher overnight with wheat trying pare losses going into the morning break.

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The weather continues to point to areas of stress in the coming weeks. Although dry parts of SD and E IA are a concern, there is a modest rain event the remainder of this week, but it will not likely be enough to seriously bolster soil moisture in the driest areas. For next week, there is a brief period of cooling expected in the Plains and WCB before heat returns as the major theme in the forecast thru the first week in August.

In Brazil, two consecutive days of frost in Paraná have damaged wheat crops in the western area of the Brazilian state, the government's rural economics agency Deral said on Wednesday.

Export sales for the week were all on the high side of expectations with soybeans showing solid new-crop business on a big purchase by China.

Weekly Export Sales-

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