News
Soyoil sales for the week ended Feb. 29 reached a marketing-year high of 29,200 MT, while soybean sales landed above pre-report estimates. Meanwhile, corn and wheat sales were within their respective pre-report ranges.
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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.