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Corn, soybean futures gain modestly in light year-end trade as S. America dryness remains concern, wheat also firmer.
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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.