Corn posts more losses

Corn posts more losses

Soybeans were higher on short covering and technical buying. Contracts were oversold, with most of Monday’s losses because of that decline for corn futures. Monday’s USDA numbers bullish on beans, but not enough to break the hold of corn. Reports have the U.S. and China resuming negotiations in two weeks and the U.S. will delay tariffs on some Chinese products. The selected new tariffs, originally scheduled to go into effect September 1st, will be delayed until December 15th and mostly impact consumer goods and electronics.

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