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Corn basis firmed despite an uptick in the cash price but remains weaker than average.
Expectations for lower interest rates fueled the improved sentiment.
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Corn, soybeans and wheat each posted corrective gains overnight, though corn and soybeans both saw renewed selling pressure into the break.
Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.
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Corn, soybeans and wheat each traded in tight ranges during low volume trade overnight. Soybeans favored the upside and wheat favored the downside modestly into the break.
Corn, soybeans and wheat held in tight ranges during light, two-sided overnight trade.
SRW CCI rating was virtually unchanged over the winter.
Weekly corn and wheat inspections each topped pre-report estimates for the week ended March 28, while soybeans missed the low-end pre-report estimate by 86,000 MT.
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Corn and wheat futures are pulling back from Thursday’s gains as soybeans firm. Livestock futures are lower to start the week...
Soybeans posted corrective gains overnight, while corn and wheat gave up a significant portion of Thursday’s gains.
Soybeans posted solid gains amid corrective buying overnight, while corn and wheat futures pulled back from last Thursday’s gains.