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Grains solidly higher overnight to open the week.
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Data was mostly neutral, though the placements figure may support deferred live cattle futures.
Corn soybeans and SRW wheat each notched weekly losses as technical pressure continues to curb buyer interest, though SRW futures notched a promising daily gain despite followthrough strength in the U.S. dollar.
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Wheat led the way higher overnight as corn, soybeans and wheat each favored the upside.
Corn faced corrective selling following two days of gains, while soybeans ended the session modestly higher.
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Corn and soybeans faced modest selling pressure overnight while wheat saw mild gains.
Cotton sales during the week ended July 11 totaled 27,200 RB, down 50% from the previous week and 74% from the four-week average, while old-crop corn sales were short of pre-report expectations.
Corn and beans lower, wheat mostly firmer overnight.
Corn and wheat posted modest short-covering gains at midweek, which stemmed from U.S. dollar weakness and a rally in crude oil futures. Soybeans ended mostly lower; seemingly caught in the crossfire of apparent spread trading in derivatives.