date:May 16, 2016
was 64 percent planted as of May 8, but rainy weather may have slowed progress since then. Soybeans can be planted later than corn, so delays tend to favour soybeans.
CBOT corn on Thursday drew support from weekly U.S. export sales topping 1 million tonnes, and news that private exporters sold 210,000 tonnes of U.S. corn to Saudi Arabia in the last day.
Wheat fundamentals remain bearish, with the USDA forecasting that U.S. inventories will rise above 1 billion bushels by June 1, 2017, the mos