Agriculture News
Corn and wheat futures firmed amid followthrough buying overnight. Soybeans traded higher at points overnight but are weaker early this morning.
Corn and soybeans are expected to open weaker, with wheat likely to see a firmer tone.
Short-term trend turns bullish for corn and the soy complex.
Wheat futures rebounded from Friday’s losses during the overnight session, while corn and soybeans pulled back from their gains at the end of last week.
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Soybeans and corn traded on either side of unchanged overnight, but are weaker early this morning, while wheat faced mild followthrough selling throughout the session.
Most of the Hogs & Pigs Report data was neutral, aside from hefty late-year market hog inventories.
Soybeans and wheat extended Wednesday’s gains during the overnight session, while corn struggled to find buyer interest.
Soybean basis drops on cash price improvement
Selling pressure built in the grain markets overnight, with soybeans leading losses early this morning.