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Corn and soybeans are expected to open lower, while wheat is likely to favor the upside.
USDA reported old-crop soybean sales of 207,200 MT for week ended June 1, a 68% increase from the previous week. New-crop sales of 264,600 MT were also reported.
Corn faced mild followthrough selling overnight, while soybeans traded on both sides of unchanged and wheat firmed after earlier pressure.
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Cash cattle and boxed beef prices surged again.
Choppy to mostly lower price action is expected as traders start to prepare for USDA’s reports on Friday.
Corn, soybeans and wheat posted two-sided trade overnight but are mostly firmer this morning.
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