HIGHLIGHTSSoy Exports: Grain futures remained subdued shortly after the USDA reported flash soybeans export sales, following Thursday's stronger-than-expected weekly numbers. Soybeans remained weak, even as corn and wheat contracts recovered. Mood Change: Traders reverted past bets and short-covered corn and wheat positions, Marex's Terry Reilly said. "Unwinding of long soybean, short corn spreads are supporting corn," he said. --The CFTC will release its weekly Commitment of Traders report at 3:30 p.m.
Source: Wall Street Journal December 02, 2023 10:17 UTC