News
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn futures faced followthrough selling overnight, though remaining above Tuesday’s contract lows.
Concerns about U.S. agricultural exports were a leading factor in the weaker long-term sentiment.
Farm bill showdown averted as Grassley tables amendment on farmer payment limits.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.
Corn conditions unexpectedly improved to the highest rating for this time of year since 2018.
No real surprises in planted acreage estimates or June 1 stocks, aside from cotton acreage coming in higher than anticipated.