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Weekly soybean sales during the week ended Jan. 25 missed the pre-report range by over 330,000 MT, while soymeal sales exceeded expectations. Corn and wheat sales were within pre-report estimates.
A study from Sandro Steinbach and Yasin Yildirim of North Dakota St. Univ. and Xiting Zhuang of the University of Connecticut exams the current challenges in global shipping and their direct impact on U.S. agriculture.
Corn, soybeans and wheat each favored the downside most of the overnight session, though saw corrective gains into the break with soybeans leading the way higher.
Corn and soybeans traded in tight ranges overnight, with corn favoring the upside and soybeans the downside. Wheat futures favored the upside, though saw weakness into the break.