Corn, soybeans and wheat posted corrective gains during the overnight session.
The 90-day outlook calls for above-normal temps over most areas of the country, with “equal chances” of rainfall over most of the Corn Belt.
Corn futures mildly extended Wednesday’s losses overnight, while soybeans erased gains from yesterday. Wheat was supported by light corrective buying.
Corn basis continued to firm seasonally but remains below the three-year average.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
Corn, soybeans and wheat traded on both sides of unchanged overnight.
Declines in the HRW CCI rating were fully offset by improvements in SRW crop.
Corn, soybeans and wheat mildly favored the downside in relatively quiet overnight price action.
After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.
Corn, soybeans and wheat held in tight ranges during relatively quiet overnight trade ahead of USDA’s April crop reports later this morning.

Brian Grete