Overnight trade was light as the markets were largely waiting for this morning’s export sales report data. Before it was issued, corn, wheat, and soybean futures were slightly higher. The report, however, was bearish old crop corn and soybeans, which meant the overnight session ended with corn up only a quarter-cent and soybeans down 8 cents. Wheat futures were slightly higher as the export report was better than expected. The biggest news of the day was USDA’s announcement of a new farm payment package to compensate farmers for trade war-related losses. The markets did not believe USDA’s promise that the payments would not distort acreage and promptly sold off. Nearly all CBOT products finished in the red, while CME li...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Equities, Energy, Black Sea