HIGHLIGHTSSelling Exhaustion: CBOT wheat led the grains complex higher Monday afternoon in a mostly technical move, Terry Reilly of Marex said. Monday's announcement made it the third consecutive day that the USDA confirmed China's cancellations of U.S. wheat exports. Getting Better: Inspections of U.S. grain exports are higher across the board than this time last year, the USDA said in its weekly report Monday. The USDA said inspections of corn, soybeans and wheat were all higher compared with this time last year. For the week ended March 7, corn inspections totaled 1.12 million metric tons, soybean inspections totaled 706,334 tons and wheat inspections totaled 402,874 tons.

Source: Wall Street Journal March 11, 2024 20:48 UTC