Pro Farmer
Weekly corn and soybean inspections during the week ended Oct. 17 rose solidly from the previous week, each landing near the upper-end of pre-report expectations. Wheat inspections declined over 100,000 MT, missing analysts’ range of expectations.
Grain and soybean futures open the week mildly higher on light corrective buying.
Canada’s tariff exemptions raise hopes for eased canola trade with China | USDA’s new poultry payment rule sent to OMB for review
Corn, soybeans and wheat each favored the upside most of the overnight session, though corn and wheat fell near unchanged into the break.
Short-term trend turns bearish for corn and soybeans.
Corn, soybeans and wheat mildly rebounded overnight from poor closes last Friday.