News
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.
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Corn, soybeans and wheat each favored the downside overnight, giving up a portion of Thursday’s gains.
Corn, soybeans and SRW wheat pulled back from yesterday’s gains during overnight trade, while HRW and HRS wheat extended their losses.
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Corn futures led strength overnight, pulling wheat higher. Soybeans pivoted near unchanged most of the overnight session, though showed strength into the break.
While falling short of pre-report expectations, both wheat and soymeal sales are running well ahead of year-ago. Meanwhile, soybean sales jumped 99% from the previous week and corn sales declined 11%.
Corn, soybeans and wheat traded on both sides of unchanged while holding in tight trading ranges overnight.