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Corn and soybeans favored the downside and are near session lows this morning, while wheat is mostly weaker.
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Soybeans led the way higher overnight as soybeans, corn and wheat each saw gains into the break. Each is nearing 10-day moving average resistance, which will be the first real test of the recent bounces.
HRW crop continues to rebound from a rough start last fall.
Soybeans firmed amid followthrough buying overnight, while corn and wheat mildly favored the upside is light trade.
Weekly corn inspections during the week ended Feb. 22 totaled 1.242 MMT, exceeding the pre-report range by over 91,000 MT and rose nearly 190,000 MT from the previous week.
Soybeans are firmer with corn and wheat under pressure to start the week. Cattle futures open the week under pressure with lean hogs also lower...
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Corn futures fell to fresh contract lows overnight, dragging wheat lower as well. Soybeans fell to contract lows though saw corrective buying into the break.