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Corn and soybeans extended Thursday’s gains during the overnight session, while wheat futures posted modest corrective gains.
Dec. 1 grain stocks have a history of providing market-moving surprises, especially for corn.
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Wheat led weakness overnight with corn and soybeans following to the downside.
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during a quiet overnight session.
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Imports will be slow at first, based on the need to implement and test new protocols.
Declines in attitudes toward current conditions outpaced thoughts about future expectations for agriculture.
Corn and soybeans favored the downside in overnight trade while wheat saw action on either side of unchanged.