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Market Snapshot

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Corn and soybeans continue to lead strength, while wheat spent most of the overnight session trading near unchanged.

Pre-report expectations ranging from 2.2 MMT to 3.3 MMT indicated analysts expected huge corn sales during the week ended Oct. 17, though net sales topped the range by 300,000 MT. Soybean sales were also notable at 2.15 MMT.

The report highlights economic condition across the 12 Fed districts.

Corn and soybeans built on Wednesday’s corrective gains overnight, while the wheat market traded on both sides of unchanged.

Corn and soybean basis improved over the past week.

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