News
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.
No changes to the short-term chart trends this week.
Corn, soybeans and wheat traded lower overnight, with nearby corn and soybeans falling to new contract lows.
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Placements declined from year-ago levels for a third straight month – a trend that will continue.
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Corn and soybeans gave up early corrective gains overnight, though wheat holds onto marginal gains. Weak export sales across the board helped spur selling pressure this morning.