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Soybeans recouped some of Thursday’s losses during the overnight session, while corn and wheat faced followthrough selling.
All work covered by Master Contract will resume
Price rally at one-month highs
Grain futures are expected to open lower, led by soybeans.
Corn sales during the week ended Sept. 26 exceeded pre-report estimates by nearly 700,000 MT, while wheat sales were also stronger than expected. Soybean sales were also solid at 1.44 MMT.
Corn, soybeans and the winter wheat markets favored the downside during overnight trade.
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Soybean basis firmed despite an increase in cash price.
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