The market opened mostly in the green this morning after overnight markets showed small gains for corn, soybeans, soymeal, and all three wheats. About mid-session, corn and the soybean complex began trading both sides unchanged while wheat retained some upward if less lofty positions. In fact, trading volumes were relatively light except in SRW and HRW, which is also where the larger changes (gains) were made.
Wheat export sales remain weak, while corn sales beat expectations. However, it was soybean export sales that hit a marketing year high at 1.378 MMT. Forward soybean sales in 2024/25 again were zero. Soymeal export sales topped a half million tons and there was a small washout in soyoil.
Somewhat confusing the ma...
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