First Thing Today
Corn and soybeans favored the downside overnight while wheat traded modestly higher. All three saw light volume overnight.
Corn, soybeans and wheat traded near unchanged most of the night.
Corn, soybeans and wheat each favored the downside overnight following Tuesday’s surge higher.
Grain markets were closed overnight and are set to open at 8:30 a.m. CT. Outside markets are mixed, with crude oil favoring the upside and the U.S. dollar index near unchanged.
Soybeans turned lower after rallying 60 cents in two sessions to start the week, wheat futures continue to bounce from near-contract lows and corn saw light trading on both sides of unchanged overnight.
Soybeans continued Monday’s rally overnight, corn is pressing into the upper end of the recent sideways range and wheat saw corrective buying off yesterday’s for-the-move low.
Soybean futures firmed despite a gap lower on the overnight open, corn futures have pivoted near unchanged while wheat continued recent weakness.
Corn futures saw some slight pressure overnight while soybeans continue to show relative strength. Wheat futures showed moderate strength as well, led by the HRW and HRS contracts.
Grains are mixed overnight, but soybean futures continue to rally.
Grains were relatively flat overnight but soybeans continue to face pressure.