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Wheat futures faced active followthrough selling overnight, while corn and soybeans favored the downside in two-sided trade.

Basis firmed for corn and soybeans as cash prices dropped.

After the Bell | May 29, 2024

Uncertain corn price benefits from carbon capture in ethanol industry | Bird flu strikes flock of 4.2 million chickens in Sioux County, Iowa

Corn, soybeans and wheat each favored the downside overnight in a continuation of Tuesday’s weakness. Prices are nearing the lower end of the recent sideways trading range in each crop.

Corn, soybeans and the winter wheat markets mildly favored the downside overnight.

HRW crop continues modest late-season improvement, while SRW crop is declining ahead of harvest.

After the Bell | May 28, 2024

Weekly wheat inspections during the week ended May 23 rose 170,704 MT from the previous week, while corn inspections fell nearly 150,000 MT. Meanwhile, soybean inspections rose modestly on the week.

Wheat futures are higher with soybeans under pressure and corn futures caught in the middle. Cattle futures are higher with lean hogs under pressure…