Soy complex futures strengthened overnight after initially trading lower, which supported corn. Wheat futures tried to rebound from Wednesday’s sharp losses, but buyer interest proved limited.
Corn and soybean basis dropped over the past week but remains above futures.
Selling in the wheat market overnight pulled corn lower, while soybeans were supported by strength in soymeal.
Corn, soybean and wheat futures are mildly weaker this morning as a quietly traded overnight session winds down.
Soybean export inspections were lower than expected and down sharply from both week- and year-ago.
Corn, soybean and wheat futures opened weaker after pressure overnight. Livestock futures are lower as well.
Corn, soybean and wheat futures are trading near session lows this morning, led lower by spring wheat contracts.
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