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Selling pressure mounted during the overnight session, with corn, soybeans and wheat trading near session lows early this morning.
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Wheat led overnight weakness with corn and soy pausing recent strength as well. Buying increased in all three into the break.
Corn and soybeans pulled back overnight from corrective gains the two previous days, while wheat more than erased Tuesday’s price strength.
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Corn and soybeans traded narrowly near unchanged overnight. Wheat saw relative weakness though saw heightened buyer interest into the break.
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during the overnight session.
Weekly corn and soybean inspections during the week ended Oct. 17 rose solidly from the previous week, each landing near the upper-end of pre-report expectations. Wheat inspections declined over 100,000 MT, missing analysts’ range of expectations.