First Thing Today
Corn and wheat saw follow-through selling overnight despite a strong close yesterday. Soybean futures have traded on both sides of unchanged overnight.
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First Thing Today | August 22, 2022 Soybean futures post corrective gains overnight as market awaits Pro Farmer Crop Tour reports.
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Corn and wheat futures extended Tuesday’s losses overnight, while the soybean market traded mixed.
Wheat futures faced heavy price pressure overnight, which pulled corn lower. Soybeans are mixed following two-sided trade overnight.
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Soybeans were also slightly lower overnight, pulling back from Tuesday’s gains.
A mildly weaker tone has developed this morning after quiet trade overnight.