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A quiet overnight turned into a potential row crop “corn is now 50% harvested bottom day”? This AM private exporters reported the sale of over 2 MMT of US corn to Mexico (1.6 for 24/25 and 0.5 for 25/26) along with another 332,000 MT of US corn to unknown.
No Turnaround Tuesday with Spring Wheat Leading the Selloff; Winter Wheat Calendar Spreads Begin to Tighten as Lower Prices Should Start to Attract End User Demand
October 15 US crop progress/conditions highlights
Lower overnights, bearish CONAB Brazilian crop update, but then an announced 120,000 MT US SRW sale to Mexico this AM.
CBOT on the Defensive to Begin the Week
Quietly lower ags overnight. Blowing off the reported new Russian 250 wheat floor in favor of bearishness off more favorable world ag rainfall expectations?
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