Rains in northern Iowa overnight dipped into central regions of the state but missed the driest areas of western and southern Iowa. Still, with some rain overnight, buying interest in corn is limited this morning. Soybeans, however, are trading double-digit higher on some pre-report positioning and news China booked 713,000 MT of U.S. beans and an additional 140,000 MT were booked to unknown destinations over the weekend. Combined, this is the fifth largest one-day soybean sale on record, according to USDA. Listen to the "Monday Morning Wake Up Call" for more details on this and what's driving market action to start the week and what we'll be keeping an eye on going forward.
USDA Announces Big Soybean Sales & a Corn Sale
Soybeans Gain Before USDA Report that May Lower Stocks Outlook