The market opened much as the overnight closed but then things shifted for some contracts. Wheat was understandably down on chances for precipitation in some droughty areas but there was less apparent reasoning in other commodities.   Despite closing lower today, corn and soybean values remain undergirded overall. 

The trade expected export sales to be generally lower than last week, and they were for wheat and corn, though soybeans and soymeal posted higher numbers. Expectations remain high for more corn sales and a flash sale to China this morning reinforced that attitude. Again, wheat not so much as it gets easily beaten by Black Sea offers.  

The one warning light on Black Sea wheat is Moscow saying t...