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Resuming Ukrainian grain exports faces several hurdles, including what Putin says

Corn and wheat are expected to open firmer based on late strength overnight but buying may be limited given negative outside markets.

Export sales for the week ended July 8, 2022, shows larger than expected wheat exports, with soybeans falling short of expectations.

Overnight price action was two-sided and relatively quiet, though corn, soybeans and winter wheat all lower and near session lows this morning.

Corn and soybean basis are both well above their respective three-year averages.

Corn, soybeans attempt to add weather premium, wheat trades lower for third consecutive trading session.

IMF cuts U.S. GDP growth forecast, USDA announces counties eligible for double-crop insurance opportunities and strong beef movement suggests near-term cash market strength...