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USDA reported weekly export sales of 1.25 MMT during the weekend ended Jan. 11, exceeding the top end pre-report range by 50,000 MT, while wheat sales exceeded expectations by 200,000 MT.
Corn, soybeans and wheat modestly extended Thursday’s corrective gains during the overnight session.
Corn, soybeans and wheat each saw limited volatility overnight, mildly favoring the downside. Each are trading near their for-the-move lows.
Stabenow crafting crop insurance plan with tough choices for farmers
Corn, soybeans and spring wheat contracts traded higher overnight amid light corrective buying, while the winter wheat markets favored the downside.