News
Grain markets were not immune to broad market selling pressure overnight, with corn, soybeans and wheat each facing losses into the break.
Corn, soybeans and wheat posted mild corrective gains during a lightly traded overnight session.
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Grains continued to fall under pressure overnight following Monday’s breakdown.
Corn, soybean and wheat futures faced followthrough selling to Monday’s losses during overnight trade.
Illinois accounted for the bulk of the decline for both crops over the past week.
Weekly corn inspections totaled 642,095 MT, up 16,851 MT from the previous week and are running 10.5% ahead of year-ago, while soybean inspections totaled 393,004 MT and are trailing year-ago by 16.2%.