News
Corn, soybeans and wheat each saw corrective buying overnight, though each faded into the break. Soybeans continue to show relative strength, despite mixed outside markets.
USDA reported inspections for corn, soybeans and wheat within trade expectations. Corn inspections remain steadily ahead of year-ago, while soybeans went from notably trailing year-ago to running ahead.
Corn and wheat futures open the week higher with soybeans under pressure. Cattle futures are lower with lean hog futures mixed.....
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Grain prices pivoted around unchanged for most of the night, though wheat futures favored the upside.
Corn, soybean and wheat futures held in tight trading ranges in light, two-sided trade overnight.
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Feedlot inventories declined from year-ago for a 12th consecutive month.
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