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USDA reported weekly sales in week ended March 30 were down 55% from the previous week and 42% from the four-week average, while corn sales rose 20% on the week, but were down 26% from the four-week average.

Corn and soybeans faced modest followthrough selling overnight, while wheat futures favored the upside in corrective trade.

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Grain and soy futures traded solidly lower overnight, which is expected to spill into daytime trade.

Wheat futures led losses as grain and soy futures extended this week’s declines overnight.

Basis for both corn and soybeans dropped over the past week but remained positive and above average.