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Corn, soybeans and wheat each favored the downside overnight, with soybeans and wheat leading the way lower.
Corn sales during the week ended Jan. 9 totaled 1.02 MMT, while exports notched a marketing-year high. Wheat sales topped expectations by more than 100,000 MT.
Grain markets traded lower overnight, led by double-digit losses in soybeans.
Cash corn and soybean prices rose sharply over the past week.
More flexibility for corn, soybeans and sorghum
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Corn, soybeans and wheat each continue to consolidate near recent highs.
Corn and soybeans rebounded from Tuesday’s losses overnight, while wheat faced light selling pressure.