News
Corn, soybeans and wheat each favored the downside early in the overnight session but saw an increase in buying interest this morning.
Weekly soybean and wheat sales during the week ended June 5 each fell short of pre-report expectations, while corn declined 16% from the previous week.
USDA’s June Crop Production and WASDE Reports are expected to show just modest changes from last month.
Improved wheat demand along with a slow start to harvest supports basis.
While this deal was completed, challenges remain with China.
Corn and wheat led strength overnight, while soybeans are challenging key technical resistance.
The more likely market-moving reports for June come at the end of the month.
U.S., China reach deal to ease export curbs, keep tariff truce intact.
U.S. Appeals Court weighs extended pause on ruling against Trump tariffs.
Corn and wheat led weakness overnight though saw an increase in buying going into the break.
Soybeans tried to work higher amid corrective trade but buyer interest was limited.
Ratings for all three crops remain below year-ago.
Weekly corn and soybean inspections surpassed pre-report expectations for the week ended June 5.
Also a look at seasonal tendencies for corn, soybeans and wheat in June.
Wheat futures are leading losses to start the week with soybeans choppy to lower. Livestock futures are mostly lower with deferred lean hog contracts slightly higher...
Short-term corn trend turns bearish as most crop areas are plentifully wet.
Grains led weakness overnight while soybeans saw relative strength.