News
The grain and soy complexes ended the session higher, despite a broad risk-off tone across the marketplace, with extended weakness in the U.S. dollar lending support.
The grain and soy complexes marked short-covering gains to end the week, with support stemming from a plunging U.S. dollar.
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Soybeans led strength overnight with corn seeing modest gains as well. Wheat saw relative weakness most of the overnight session though rebounded into the break.
Corn and soybeans edged lower, though modest short-covering in wheat pulled both from session lows.
Wheat saw relative strength overnight while corn and soybeans saw modest selling pressure.
New-crop export sales for corn, soybeans and wheat each landed within analysts’ pre-report expectations, though soyoil sales posted net reductions for a second straight week.