Pro Farmer
Sharp drop in weekly cash corn and soybean prices as harvest remains rapid.
ENSO-neutral conditions remain in place, but CPC signals there are 60% odds a weak La Niña event will develop by the end of November and persist through winter.
Soybeans continue to lead weakness, though corn and wheat also saw a resurgence of selling pressure overnight.
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Corn, soybeans and the winter wheat markets faced price pressure overnight, while spring wheat traded mildly higher.
Notable weekly declines in cash prices for corn, soybeans and wheat.
Soybeans led corn higher in corrective strength, while wheat continued to undergo selling pressure in the overnight session. Bulls will seek to build on strength following strong daily sales.
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Corn, soybean and spring wheat futures posted mild corrective gains overnight, while the winter wheat markets faced light followthrough selling.