News
Weekly export sales data showed net new crop corn sales totaled 758,400 MT in week ended Aug 3, while new crop soybeans sales totaled nearly 1.1 MMT.
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Grain and soy markets are expected to open with a firmer tone amid corrective buying.
Soybean futures extended gains from the two previous days during overnight trade, while corn and wheat rebounded amid corrective buying.
The average cash cattle price firmed $1.89 to the second highest ever.
Basis firmed a little for both corn and soybeans over the past week.
Soybeans and corn are expected to trade higher, while wheat is likely to face slight price pressure.
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