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Corn and soybean basis firmed as cash prices dropped.
Soybeans and wheat led the grain and soy complexes lower, while hog futures closed sharply lower amid cash market pessimism.
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Corn and wheat saw relative weakness overnight, erasing Tuesday’s corrective gains. Soybeans saw followthrough selling much of the overnight session though saw an increase in buying interest this morning and went into the break nearer session highs.
Corn and wheat posted mild corrective gains, while soybeans extended lower amid heavy selling in soyoil.
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Corn and wheat saw modest corrective strength overnight, while soybeans continued to face selling pressure.
Corn, soybean and wheat futures traded in relatively tight ranges overnight.