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Soybean futures climb near three-week high, wheat up in corrective bounce, corn up second straight week.
The USDA increased U.S. and global wheat and corn carryout numbers above pre-report estimates. Meanwhile, U.S. and global cotton and soybean carryout numbers were under pre-report estimates.
Big jumps in weekly cash prices for corn and soybeans.
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Winter wheat falls to lowest levels in a month, corn and soybeans lower ahead of USDA supply update.
All three were within the range of pre-report expectations but up sharply from the previous week.
Two-sided trade was seen in the grain and soy markets overnight, but futures are weaker and near session lows this morning.
Corn and soybeans finished mostly higher, wheat lower as trade awaits USDA Supply and Demand update.
Basis for corn and soybeans slipped over the past week but remains positive to futures.
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