Soybeans continue to lead weakness, giving up all of Thursday’s gains overnight, while corn followed to the downside. Wheat futures saw modest corrective gains overnight.
Corn futures fell to contract lows overnight, leading soybeans and wheat lower as well. Traders await Thursday’s USDA reports, which will give a fresh look into South American crop estimates and U.S. balance sheets.
Corn and soybeans saw action on both sides of unchanged overnight while wheat futures favored the upside. Each fell from overnight highs following this morning’s non-farm payrolls report released from the BLS.
Corn, soybeans and wheat each favored the downside most of the overnight session, though saw corrective gains into the break with soybeans leading the way higher.
