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Wheat futures led strength overnight with corn posting modest gains as well. Soybeans showed relative weakness.
Corn and wheat futures mildly extended Monday’s gains during overnight trade, while soybeans failed to find sustained followthrough buying.
HRW improvement was driven by gains in Kansas, Oklahoma and Texas.
Includes $24 billion for USDA and $40 billion for FEMA
Weekly wheat inspections during the week ended Nov. 14 declined 157,000 MT from the previous week and missed analysts’ pre-report range by more than 100,000 MT. Corn and soybean inspections were within expectations.