Brazil still exports “big,” but U.S. sales to China are back in the mix—while Argentina rainfall and veg-oil policy headlines keep the grain complex headline-sensitive
A renewed China demand pulse and firmer wheat-condition optics kept the complex supported, even as ethanol stocks built and veg-oil signals stayed mixed
Fresh China soybean purchases and firmer veg oils support the complex, while U.S. winter-wheat condition erosion and uneven South America moisture keep volatility bid
A softer close across wheat, corn, and soybeans showed how quickly the market can give back intraday strength when export flow is uneven, veg-oil tone turns heavy, and South America headlines pull in opposite directions
