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Corn, wheat manage mixed finishes

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Soybeans were lower on fund and technical selling. CONAB lowered its outlook for Brazil’s bean crop, but there’s still probably room for it to fall further as harvest advances. Production is now pegged at 155.239 million tons, 3.1% below December, but, for now, still 0.4% above 2023. CONAB does expect a decline in exports because of the downgraded production guess and increased domestic biodiesel blending. Conditions in Argentina remain generally favorable. The USDA’s updated global production projections are out Friday, along with several other reports, including ending stocks, quarterly grain stocks, and the preliminary 2023 U.S.

Corn, wheat manage mixed finishes