Corn, soybean, and wheat futures all had a nice start to the week. Dryness in some US growing areas, and Russian attacks in Ukraine were supportive to prices. Fund traders will continue to watch US weather and planting closely. Any issues and thought of higher futures may push funds to buy in some of current short positions. Weekly US export inspections were solid for corn and within estimates for soybeans and wheat. Corn inspections were reported at 63.92 mil bu, an avg of 40.65 is needed weekly to reach the USDA's export projection. Soybeans were 15.99 mil bu, with 12.52 needed weekly to hit USDA's current target. Wheat was 16.54 mil bu, with a weekly average of 19.5 needed to meet the USDA projection. |