News
Wheat inspections during the week ended April 24, were up notably on the week, topping anlysts’ pre-report expectations. Net corn and soybean sales each declined on the week but were as expected.
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Cash grains posted little price movement over the past week.
Corn, soybeans and wheat each favored the upside in overnight trade though saw an increase in selling pressure in the latter portion of the session.
Corn, soybeans and wheat boosted by followthrough buying overnight.
Soybean futures broke out of the recent sideways consolidation range.
Soybeans continue to lead strength while corn saw corrective buying overnight.
Drought covers 33% of winter wheat, 26% of corn, 21% of soybeans and 49% of spring wheat.
China says there are no tariff negotiations with Washington
Corn rebounded from recent losses and wheat traded mostly lower overnight.
Corn basis remains well below average.