Soybean Sales Cancellations

In the overnight session the grains traded mixed with corn up 1 3/4 cents, soybeans down 2 cents and wheat up 5 3/4 cents. Crude oil is trading down 69 cents and the U.S. Dollar has shed nearly 1 percentage point. Soybeans have struggled over the last two days to rise above the 100 day moving average which looms overhead at $9.56. This morning China canceled 200,000 metric tons of old crop soybean sales.

今天早上宣布了一些可报告的销售，其中72,136吨新的农作物玉米卖给了墨西哥，36,068公吨售出16/17的货物。出口商还出售了37,250公吨的白麦，67,650公吨的HRW和22,000公吨的春季小麦到未知目的地，以15/16的交付。台湾的MFIG集团发布了一份招标，以从美国，巴西，阿根廷或南非购买130,000公吨的玉米。

Yesterday, the Spring Wheat tour wrapped up after three days scouting the spring wheat crop in the producing state. Results were released on Thursday and estimated an average yield of 49.9 bushels per acre which is well above the 48.6 bushels per acre last year.

The latest Planalytics corn and soybean yield forecast was released on Friday, which is based on satellite imagery and uses the NDVI index which basically measures the greenness of the crop. Planalytics corn yield was revised higher by 1.3 bushels per acre to 166.7 BPA. Soybean yield held steady from the previous forecast of 45.6 bushels per acre on July 15th. This forecast is updated every two weeks.

—Cody Bills