Corn down, watching rain totals

Soybeans were mixed on bull spreading. Beans are watching the weather, with some rain in the near-term forecast against a less certain medium-term outlook. Export demand for U.S. beans remains slow, with Brazil continuing to hold much of the market. The USDA’s weekly sales numbers are out Thursday morning. Chinese customs data has January through April soybean imports at 42.3 million tons, up 11.1% from last year. ANEC sees Brazil’s soybean exports for June at 13.1 million tons, which would be more than 3 million above a year ago.

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