News
Wheat and soybean sales during the week ended March 6 were each above analysts pre-report range. Corn sales rose on the week, while exports reached a marketing-year high.
Trade worries continue to limit buyer interest.
Basis for both markets remains below average.
Corn, soybeans and wheat each favored the downside in the overnight session, though buying interest in wheat picked up into the break.
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Corn, soybeans and wheat declined overnight amid risk aversion.
USDA didn’t change corn, soybean or cotton ending stocks. Projected wheat carryover was increased.
Corn and soybean ending stocks were unchanged from February, while wheat ending stocks increased more than expected.