Pro Farmer
Corn, soybeans and wheat each favored the upside in overnight trade, with buying efforts intensifying this morning.
Corn and soybean futures posted modest corrective gains, while wheat edged lower amid technical selling.
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Corn, soybeans and wheat each saw corrective buying overnight though saw an increase in selling pressure into the break.
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All three crops remain rated well above year-ago.
The grain and soy complexes faced notable selling to begin the week as improving weather forecasts and technical selling weighed on prices.
Wheat inspections during the week ended July 11 topped pre-report expectations and are outpacing year-ago by 26.3%. Corn inspections also proved noteworthy at 1.08 MMT.
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Corn, soybeans and wheat each saw sustained selling pressure overnight. Corn futures negated Friday’s gain while soybeans and wheat forged fresh lows.