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Biden visits Mexico, whose president says corn GMO issue is on agenda

Short-term trend turns sideways for corn and SRW; trend now lower for lean hog futures.

Soybeans and wheat mildly favored the upside in quiet overnight trade, while corn traded on both sides of unchanged.

CPI and USDA reports Thursday | Biden visits southern border | Japan PM visits

After the Bell | January 6, 2023 Corn, soybeans end the first week of the year mostly higher after facing sharp selling early in the week, while wheat finished lower.

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Weekly export sales for week ended Dec. 29 revealed mild wheat sales, missing low-end expectations by nearly 153,000 MT. Corn sales were also shy by 81,000 MT and soybeans landed on the low range.

China to expand oilseed acreage, Australian wheat crop forecast at record levels and Eurozone inflation softens sharply...

Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.

Corn, soybeans and wheat were supported by corrective buying overnight after heavy selling pressure earlier this week.