Aside from the soybeans and soybean meal markets, rice also declined slightly last week.
The U.S. wheat market started well last week but ended with a decrease due to the USDA small grains production reports.
Corn prices are expected to go up as corn harvest is expected to start in parts of the Midwest in the next two weeks.
Private production estimates for soybeans and soybean meal show promise.
The American wheat market is feeling the pressure as Russia reportedly gains momentum in its wheat output.
Despite heavy rains in various parts of the United States, the frozen concentrated orange juice market experienced an increase last Friday.
USDA reports predicted an increase in wheat production that would boost supplies in the world market, putting the U.S. market under pressure.
Weekly news in the agriculture market: World rice production was increased to 483.66 million tons and world ending stocks for the coming year were increased to 122.52...
Arkansas remains a big problem area as little work is able to get done because the soils are still too wet.
The charts show that corn futures are in a trading range.