Ahead of the Open
Soybeans saw relative strength overnight, building on Trump’s seeming change of attitude towards China.
Soybeans saw relative strength overnight while grains saw persistent selling pressure for the most part.
Corn, soybeans and wheat favored the upside in overnight trade despite an overall risk-off tone in the general marketplace.
Corn, soybeans and wheat traded in narrow ranges overnight and were supported by strong export sales this morning, as each went into the break near session highs.
Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure in the overnight session and went into the break near session highs.
Soybeans led weakness overnight with wheat following to the downside. Corn futures favored the upside but faded to just fractionally higher into the break.
Wheat futures led weakness overnight with corn following to the downside.
Corn, soybeans and wheat each favored the upside in followthrough buying overnight.
The grain and oilseed markets shook off extensive selling pressure in equity futures overnight, each posting gains in the overnight session.
Corn, soybeans and wheat each posted solid gains overnight alongside most risk assets.