After the Bell
Short-covering efforts were featured across the grain and soy complexes to begin the week, with support stemming from a further weakening of the U.S. dollar.
Short-covering gains were featured across the grain and soy complexes despite minimal outside market support.
Forecasts of robust supplies weighed on the grain and soybean complexes today despite notably weaker U.S. dollar.
Corn futures rallied from contract lows forged in early trade following USDA’s Crop Production and Supply & Demand Reports, while rallying crude supplied a boost. Soybeans faded amid forecasts of a record crop.
Corn and soybeans both edged to fresh near-term lows into the close, amid risk-off sentiments following a week of volatile trade in the broader marketplace.