Corn and wheat saw relative weakness overnight, erasing Tuesday’s corrective gains. Soybeans saw followthrough selling much of the overnight session though saw an increase in buying interest this morning and went into the break nearer session highs.
Soybeans and wheat saw modest corrective gains overnight while corn languished near unchanged. Price action ahead of today’s reports are likely to be driven by positioning.
Corn and wheat traded around unchanged most of the overnight session though selling accelerated this morning, while soybeans traded higher most of the night before turning lower into the break.