Soybean futures extended their corrective gains from the two previous days overnight, which helped support corn. Wheat futures held in a tight range in narrowly mixed trade.
Wheat export sales were a marketing-year low. Corn and soybean sales were down sharply from the previous week but each topped 1 MMT.
Grain, soybean futures extended Wednesday’s corrective gains overnight.
Corn and soybean basis continues the post-harvest rebound
Corn, soybean and wheat futures saw a round of corrective buying overnight after Tuesday’s sharp losses.
Grain and soy complex futures were part of a broader selloff overnight.
The HRW CCI rating is 7.8 points below the five-year average, the SRW rating is 13.5 points under the end-of-fall norm.
Soybean inspections topped expectations at more than 2.1 MMT.
Corn and wheat futures are lower to start the week as soybeans firm. Cattle futures are mildly firmer and lean hogs are mixed...
HRS and HRW futures led the rebound from last Friday’s sharp losses as concerns with the new Omicrop strain of Covid eased.

Brian Grete