Memorial Day coincided with the reporting period, which may have limited business to some degree.
The corn CCI rating is still a little above average, despite the weekly decline.
Cotton and wheat carryover also came in lighter than expected.
The May jobs report will share the spotlight with weekly export sales today.
Delaware lawmakers are pressing EPA to ease refiners’ blending obligations. A bipartisan group of Senators delivered a new infrastructure proposal. And NCBA wants USDA to scrap "Product of the USA labels."
Old-crop corn sales topped expectations, while new-crop sales were right in line with what the market expected. Exports of the grain held above 2 MMT.
Grain and soy futures traded in a two-sided range overnight. Some expect the harvest of China's wheat crop to temper its voracious corn buying.