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Corn drops to 3 1/2-month low on eroding charts, slumping exports; SRW wheat hits 14-month low; soybeans firm as soymeal rallies.
Wheat export inspections for week ended Dec. 1 proved solid, topping expectations by nearly 35 MT, and up over 50 MT from the previous week. Corn inspections were mid-range, and up by almost 213,000 MT week over week.
Corn and soybean futures are mildly firmer with wheat mixed. Livestock futures are choppy and mostly lower to start the week...
Corn, wheat futures higher in corrective rebound, soybeans also firmer on demand optimism.
Short-term trend turns bearish for corn and soyoil; bullish for soybeans and soymeal.
China pivots on zero-Covid policy