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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.
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Corn, soybeans and wheat each saw selling pressure overnight, negating a portion of the gains seen Tuesday in corn and beans.
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Corn and soybeans saw corrective gains overnight while wheat futures continued to fall under pressure. Each saw an increase in buying interest into the break.
Corn and soybean futures were supported by light corrective buying overnight, while wheat futures posted mixed trade.
All three crops remain rated well above year-ago at this time.
Soybeans inspected for export during the week ended June 13 rose 100,000 MT from the previous week, while wheat inspections rose modestly. Meanwhile, corn inspections were notable, but fell 54,000 MT on the week.
Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...