Soybeans led weakness overnight with corn and wheat following to the downside. The key will be if strength returns after the open, which has been the recent norm.
Corn and soybeans traded on either side of unchanged overnight while wheat saw relative weakness. Positioning ahead of Monday’s reports is likely to drive trade today.
Corn, soybeans and wheat each saw choppy trade to start the overnight session, though buying interest increased this morning and all three went into the break on session highs.
Wheat saw relative weakness overnight, pulling both corn and beans lower for most of the overnight session. Soybeans surged higher this morning and went into the break near session highs.
