Agricultural markets faced initial downward pressure following a bearish monthly report, but Corn, Soybean, and Wheat futures managed to find stability throughout the week. A primary driver for this consolidation included a series of significant export flash sales. The U.S. Department of Agriculture confirmed the sale of 298,000 metric tons of corn to unknown destinations and an additional 120,000 metric tons to Japan.
Furthermore, Brazilian crop estimates from Conab provided a slight adjustment to the supply outlook. Soybean production was revised down to 176.12 million metric tons, representing a 1 million metric ton decrease from previous estimates. While these adjustments are modest, the lack of upward revisions provided a stabilizing effect for the sector as the trading week concluded.