Corn, soybeans inch higher as traders await USDA report: Podcast

Soybean export inspections top forecasts, while corn and wheat match them.

Corn and soybeans markets were a few cents higher at midday Tuesday, while the wheat markets were narrowly mixed.

U.S. Department of Agriculture offices reopened after the Columbus Day holiday and released weekly export inspections, which showed that soybean shipments were up from a week ago and better than expected. Corn and wheat shipments were down from the prior week but were about as expected.

Attention remained on Wednesday’s USDA report, with surveys showing that traders expect the agency to trim its corn crop estimate and to increase the soybean crop.

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