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Grain and soy futures posted two-sided trade overnight, suggesting a rather directionless start to the daytime session.
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Corn and soybeans will face followthrough selling, while wheat will attempt to maintain modest corrective gains posted overnight.
Corn and soybean futures extended this week’s losses during overnight trade, while wheat traded mostly firmer on mild corrective buying.
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The southern U.S. is expected to see above-normal temps through July, though the southeastern quadrant of the country will also experience above-normal precip.
Corn and soybean sales each missed their respective pre-report range for week ended April 13, though weekly wheat sales of 259,000 MT were 1 MT short of topping the pre-report range.