Wheat drops, corn extends losses

Wheat drops, corn extends losses

Soybeans were mixed, mostly lower, on bull spreading. Beans continue to watch the weather, with hot temperatures and mixed rainfall this week. Some northern growing areas could see rain, while other areas should remain dry. The big test will be weather during the first week of August, generally regarded as the critical month for U.S. soybean development. Soybean meal was sharply higher and bean oil was sharply lower on aggressive product spread adjustments. Wednesday morning, the USDA announced the sale of 272,000 tons of U.S.