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Corn, soybeans and wheat posted corrective gains most of the overnight session though saw an increase in selling pressure into the break.
Soybeans firm overnight, buying limited in corn and wheat
The grain and soy complex edged lower amid low volume trade and mostly favorable weather throughout the Midwest.
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Corn, soybeans and wheat saw resurgent selling pressure overnight though saw a modest increase in buying pressure into the break.
All three crops remain rated much better than last year at this time.
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.