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Soybean futures firmed amid corrective buying overnight, while wheat declined and corn chopped around unchanged.

After the Bell | October 3, 2023

Farmers’ sentiment for the second month in a row as attitudes toward current conditions and future expectations declined.

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Corn and soybeans favored the downside overnight, though wheat futures saw continued strength.

Corn and soybean futures failed to build on Monday’s gains and traded lower overnight, while wheat had a mixed tone.

Corn-for-ethanol use totaled 442.6 million bu. during August, according to USDA.

After the Bell | October 2, 2023 The grain complex saw short-covering efforts despite a surging U.S. dollar and crude oil weakness.

Weekly corn and soybean inspections are running 10.8% and 8.7% ahead of a year-ago, respectively. Meanwhile, wheat inspections are nearly 29% behind the same time last year.