Export sales support corn

Export sales support corn

Soybeans were mostly higher on spread trade and short covering, recovering from the early session losses. Harvest is being delayed in parts of the region, but most forecasts have a return to drier conditions soon. The trade continues to watch yield reports ahead of the USDA’s next set of production projections on the 12th. Export sales were up on the week, mainly to China and Spain, but the overall pace continues to reflect Brazil’s control of the export market.