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Corn, soybeans and wheat each saw selling pressure overnight, with wheat leading the way lower.
Corn, soybean and wheat futures pulled back from Monday’s price gains during the overnight session.
Corn, soybean and wheat weekly export inspections during the week ended Feb. 29 each fell from the previous week, though all were within pre-report expectations.
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Soybeans continue to show relative strength, corn retraced Friday’s losses and wheat saw spillover strength overnight. Each firmed into the break.
Corn and soybeans traded higher amid corrective buying overnight, while the winter wheat markets favored the downside and spring wheat was mixed.
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Soybeans posted corrective gains overnight, wheat posted modest losses and corn was caught in the middle.
Soybean futures posted corrective gains overnight, while the corn and wheat markets favored the downside in light trade.
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Soybeans led the grain and soy markets lower overnight as May soybeans trade fresh contract lows. Export sales rebounded for corn and wheat but remain abysmal for soybeans, according to this morning’s report.
Weekly cotton sales during the week ended Feb. 22 were down 69% from the previous week and 83% from the four-week average. Meanwhile, corn, soybean and wheat sales each rose week-over-week.