Across the board, markets have been under pressure again today.

Corn, wheat, soy and rapeseed all lost some ground today in what has been either continued drift in grains or pause in oilseeds.

Large data released today has been US export data.

Contributing toward the bearish nature of today has been a sizable cancellation of US – China corn export sales, amounting to 380Kt of corn for delivery to China during the 2021/2022 marketing year.

Weekly US export data was also uninspiring.

Weekly US Wheat net sales of just 57.5Kt for 2021/2022 were down 92% from the previous week and 83% from the prior 4-week average.

Corn sales were also down at 1.175Mt for 2021/2022, down 16% from the previous week, but sill up 47% from the prior 4-week average.

While the upward trend for soy has slowed, weekly US export sales were again impressive. Net sales of 1.095Mt for 2021/2022 were up 7% from the previous week and 56% from the prior 4-week average.