Late in the trading session, most-active corn futures are down 1.5%, soybeans are up 0.2%, and wheat is down 0.3%. According to the USDA, over 7.2 million tons were shipped to China, including 5.6 million tons of corn, 1.8 million tons of sunflower seed meal, 370,000 tons of sunflower oil, and 340,000 tons of barley. Russia has been threatening to leave the deal when it expires next month, which in turn has provided some support for grain futures -- although traders are skeptical about the Russian threats. CBOT most-active corn futures are down 1.2%, soybeans are up 0.1%, and wheat is down 0.2%. Most-active corn futures are down 0.7%, while soybeans are up 0.2% and wheat is up 0.7%.

Source: Wall Street Journal June 29, 2023 23:16 UTC