Total inspections rebounded 25.7% to 2.733M MT.Β
Corn jumped 21.7% to 1.786M MT with Japan leading at 359K MT. The marketing year sits at 82.2% of USDA’s 3.3B bushel target, right on pace. July corn at $4.2175 is testing the 20 day average from below with RSI recovering sharply to 54.9 from 23.5 last week.Β
Soybeans bounced 54% to 419K MT with Mexico taking the top spot at 122K. July beans at $11.56 have reclaimed both the 20 day and 200 day moving averages, the strongest technical posture in weeks.Β
Wheat eased 9.6% to 358K MT. South Korea and Mexico nearly tied at the top. July wheat at $5.90 holds above its 200 day. Sorghum rebounded to 170K MT with China taking the full volume.
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