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Corn, soybeans and wheat fall under year-end corrective selling, some rain relief for dry Brazil crops.
Wheat, soybean, soymeal and soyoil export sales were all below market expectations.
Soybeans and corn are trading lower and near session lows this morning, while wheat futures are mostly weaker.
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Grain, soybean futures seen lower as markets extend yesterday’s declines.
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Corn, soybean and wheat futures are trading near session lows this morning as markets extend Tuesday’s weaker (and low-range) closes.
A slow weakening of the La Nina weather pattern is expected in January, but its influence on South American weather will likely continue without much change into at least mid-January.
Soybean basis slipped again, but remains well above the three-year average.
Corn futures retreat from 6 1/2-month high as profit-taking weighs on grain markets, soybeans and wheat also lower.