 New contract lows in wheat and soybeans encourage momentum traders to continue to sell futures on any rally. Now, traders report on social media that fertilizer purchases for 2025 corn production by Brazilian farmers are very slow this year due to poor profitability. Corn inspections remain strong, supporting the significantly higher USDA export forecast. Meantime, back to Brazil, soybean premiums have surged again recently and remain sharply above the level seen at this time last year.