Corn was under pressure from the start Tuesday morning coming out of the long Memorial Day weekend. By the close corn was about 5-8 cents lower. New crop December did post a "hook reversal," meaning December reached a new high and then closed below Friday's lows. Export Loadings were called disappointing at 786,407 MT, which was down about 350,000 MT from last week. The weather forecast is calling for a drier trend later this week so traders are thinking the last of the corn will get planted.

Beans started quite a bit higher Monday evening when the overnight session opened but closed down about 8 cents when the day session ended Tuesday afternoon. July beans posted a "hook reversal" like December corn. July beans tried to break through the $11 a bushel level and failed for the second time. Export Loadings came in at 182,261 MT, which was an OK number. In addition, the USDA announced a sale of 213,000 MT of beans to an unknown destination. About half was old crop the other new. Bean meal has been the leader of the bean complex but faltered Tuesday, closing about $6 a ton lower.

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