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Corn and wheat saw relative strength most of the overnight session, though saw heightened selling pressure into the break. Soybeans favored the downside though traded within Wednesday’s range.
Corn and soybean sales during the week ended Oct. 3 totaled 1.222 MMT and 1.264 MMT, respectively.
Winter wheat markets traded moderately higher overnight, while corn and spring wheat posted mild gains. Soybeans pivoted around unchanged overnight.
Corn and soybean basis declined as harvest remained rapid.
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Wheat led strength overnight, with corn and beans recovering a portion of yesterday’s losses.
Wheat futures extended Tuesday’s gains overnight, while the corn and soybean markets rebounded from their losses.