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Senate battle continues, France goes on high alert for bird flu and Argy wheat crop forecasts fall...
Corn, soybean futures lower amid demand concern; wheat futures higher as dollar tumbles.
USDA estimates the drought footprint covers 74% of winter wheat acres.
Weekly export sales for week ended Nov. 3 proved corn export sales remain week, missing low-end expectations by nearly 35 MT, while soybeans, wheat fell on the low-end of the range for the week.
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Corn and soybean futures are lower and near their session lows this morning after two-side trade overnight. Wheat futures are mixed.
Soybean basis rises sharply as export demand picks up.
Corn futures drop to two-month low after USDA boosts crop estimates; wheat also hits two-month low, soybeans firmer.
Wheat futures had the sharpest price reaction to the data. Soybeans initially traded lower but quickly bounced back.