News
Persistent selling continues across the grain and soy markets, with corn leading the way lower overnight, marking a fresh contract low.
Corn futures posted contract lows amid continued selling.
Senate GOP in scramble mode.
Wheat continues to lead weakness following last week’s peak, while corn and soybeans followed to the downside.
Oil prices extended Monday’s sharp retreat as fears of supply disruptions from the Middle East conflict eased.
The corn and spring wheat crops ended multiple weeks of improvement.
Corn inspections led the decline for the week ended June 10, down 218,867 MT from the previous week, followed by wheat (208,660 MT) and soybeans (30,551 MT).
Generally favorable weather is drawing more attention from grain traders than U.S. involvement in the Israel/Iran conflict.