Ahead of the Open
Corn and wheat traded in a tight range overnight, though went into session highs following a surge higher after this morning’s NFP number. Soybeans saw continued strength overnight, trading a two-week high.
Soybeans favored the upside overnight, corn traded near unchanged for the most part and wheat futures favored the downside.
Corn, soybeans and wheat favored the upside on the overnight open but saw selling pressure as the session went on. Wheat held onto gains, but corn and soybeans went into the break near unchanged.
Corn, soybeans and wheat each saw followthrough buying overnight and were driven higher into the break by an export sales report had net sales topping expectations in each crop.
Corn and wheat traded in a tight range near unchanged overnight, while soybeans saw corrective gains. Trading is likely to remain largely positioning ahead of today’s USDA reports.
Corn, soybeans and wheat each favored the downside overnight, with wheat going into the break on session lows. Price action in grains is likely to be largely driven by positioning ahead of Thursday’s USDA reports.
Corn and soybeans favored the downside overnight but saw limited ranges in continuation of Monday’s selling pressure. Wheat saw sharp losses a price broke down technically.
Corn, soybeans and wheat each favored the upside overnight though went into the break off session highs.
Grains saw limited volatility overnight following Thursday’s surge, as corn, soybeans and wheat each traded on both sides of unchanged.
Corn and soybeans saw fresh selling overnight, while wheat saw limited corrective buying, though went into the break off session highs.
Corn chopped around unchanged overnight while soybeans favored the upside though went into the break well off session highs. Wheat favored the downside as rumors circulated that Russia may rejoin the Black Sea grain deal