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Corn, soybeans and wheat each favored the downside overnight, with soybeans negating most of Monday’s surge.
Corn, soybeans and wheat traded higher at points overnight but have adopted a mostly weaker tone this morning.
Weekly soybean inspections during the week ended June 20, rose modestly on the week and were near the upper end of the pre-report range, while corn and wheat inspections each declined from the previous week.
Corn, Soybeans and wheat futures open the week under pressure. Livestock futures are mostly lower...
More questions surface re: imports of used cooking oil for U.S. biofuel programs
Corn and wheat traded around unchanged most of the overnight session though selling accelerated this morning, while soybeans traded higher most of the night before turning lower into the break.
Soybeans mildly firmed overnight, while corn and wheat failed to stray far from unchanged in two-sided trade.
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Monthly rural banker attitude survey reflects negative outlook.
USDA Acreage and Grain Stocks reports Friday, Hogs & Pigs report Thursday
Data wasn’t negative enough to have much market impact.
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Corn, soybeans and wheat each saw corrective buying overnight, though selling pressure increased into the break.
USDA reported corn sales of 511,400 MT for the week ended June 13, the lowest since the week ended April 11, though exports totaled 1.48 MMT during the week. Meanwhile, wheat and soyoil sales each topped expectations.
Corn, soybeans and wheat posted mild corrective gains overnight, recouping a small portion of Thursday’s sharp losses.