News
Weekly corn sales notched net reductions in week ended April 27, while shipments rose to a marketing year high of 1.699 MMT. Soyoil, cotton and pork shipments also reached marketing-year highs during the week.
Wheat futures rebounded late in the overnight session, which should trigger followthrough corrective buying early this morning. Corn and soybeans are called lower.
Corn, soybean and wheat futures faced followthrough selling during overnight trade.
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Soybeans extended gains from the past two days during overnight trade, while corn and wheat firmed amid mild corrective buying.
While the wheat crops in Oklahoma, Colorado and Montana showed modest improvement, the other states declined.