Corn is higher on strong exports while wheat disappoints.

Corn higher on strong exports. China boosts U.S. soy imports. Plains and Black Sea dry. Cattle futures surge; bullish Cattle on Feed report expected.

This morning, the grain trade has corn higher while soybeans and wheat relax. Export sales data out this morning had corn at 1.5 MMTs, near the high end of expectations. The wheat trade had seen cancellations in the old crop status of seven -248,000 MTs, while the new crop was just shy of 500,000 MTs. Soybean meal was as expected at 352,600 MTs.

Data fro…