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Corn, soybeans and wheat each saw extensive selling pressure overnight and went into the break on session lows.
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Soybean sales during the week ended Jan. 23 were down 71% from the previous week, missing analysts’ pre-report range. Corn and wheat sales were as expected
Corn and soybeans saw profit-taking overnight while wheat traded on either side of unchanged.
Corn and soybean futures pulled back from Wednesday’s strong gains overnight, while wheat pivoted around unchanged.
Corn basis firmed despite a strong rise in the average cash price.
Corn continues to lead strength as corn, soybeans and wheat each traded solidly higher in overnight trade.
Corn, soybeans and wheat built on Tuesday’s price gains during the overnight session.
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