News
December corn extended losses, ultimately forging a sub-$4.00 close for the first time since late 2020, despite notable outside market support, while soybeans and wheat ended the session modestly higher.
Corn and soybeans were able to rebound from intraday lows amid a wheat led charge.
Wheat inspections led the weekly increase, rising 168,623 MT, while soybean inspections exceeded pre-report estimates. Corn inspections were just short of topping analysts’ pre-report range.
Soybeans are facing heavy followthrough selling to open the week.
Fed rate outlook | China turns focus to beef, dairy sectors | Malanga on U.S. economy
Corn, soybeans and wheat saw followthrough selling overnight with soybeans leading the way lower.
Active followthrough selling in soybeans overnight.
House out, Senate to depart after short week | FOMC | Employment report | Harris VP
Selling was featured across the grain and soy complexes to end the week, though corn and soybeans were able to notch modest weekly gains, while wheat futures marked contract lows.
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