Pro Farmer
Heavy rains west of the Mississippi are keeping total U.S. drought mostly flat
Soybeans continue to lead weakness while grains saw some consolidation overnight.
Grains flat to lower ahead of weekly USDA export sales data
Corn, soybeans and wheat each favored the upside in overnight trade, but selling pressure toward the break pulled each off overnight highs.
Grain and soybean futures tick higher in overnight bounce. This afternoon’s Federal Reserve decision — and remarks by Chairman Kevin Warsh — are the main event for global markets.
Domestic crush margins and strong Chinese buying continue to absorb expanding U.S. production, offering key support against supply pressure.