After the Bell
Technical selling hovered over the grain and soy complexes, though soyoil futures extended from Tuesday’s lows, marking gains for the first time in five sessions.
Soybean futures took back Monday’s gains, while corn ended the session modestly weaker amid mixed outside markets, though firming wheat prices lent support.
The grain and soy complexes ended the session higher, despite a broad risk-off tone across the marketplace, with extended weakness in the U.S. dollar lending support.
The grain and soy complexes marked short-covering gains to end the week, with support stemming from a plunging U.S. dollar.
Corn and soybeans edged lower, though modest short-covering in wheat pulled both from session lows.
December corn extended losses, ultimately forging a sub-$4.00 close for the first time since late 2020, despite notable outside market support, while soybeans and wheat ended the session modestly higher.
The grain and soy complex edged lower amid low volume trade and mostly favorable weather throughout the Midwest.
Corn and soybeans were able to rebound from intraday lows amid a wheat led charge.
Selling was featured across the grain and soy complexes to end the week, though corn and soybeans were able to notch modest weekly gains, while wheat futures marked contract lows.
Corn and soybean futures notched gains, while wheat consolidated lower amid lingering technical pressure.