Wheat, corn find support as Black Sea grain deal nears expiration

Soybeans were able to shake off some of the pressure from Friday’s report and end the day mostly higher.  The USDA is projecting a record crop of 4.51 billion bushels.  There was also some support from strength in soybean oil and early Monday, the USDA announced a sale to Poland for the 2022/23 marketing year of 100,000 metric tons of soybean meal. A very atypical sale.  The market will definitely look to the Crop Progress and Conditions reports from the USDA for planting progress updates.

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