News
Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure in the overnight session and went into the break near session highs.
Key trade talks with Japan ahead; Pakistan offers more soybean and cotton purchases.
Basis weakened for HRW wheat.
Soybeans led weakness overnight with wheat following to the downside. Corn futures favored the upside but faded to just fractionally higher into the break.
U.S. considering new trade proposals, many countries negotiating.
Ratings for both crops remain well below year-ago.
Weekly corn inspections totaled 1.83 MMT during the week ended April 10, up 215,540 MT from the previous week, while wheat inspections rose 269,373 MT.
Broader market focus on ever-shifting tariff news keeps risk aversion elevated