Ahead of the Open
Corn, soybeans and wheat each favored the upside in overnight trade, though selling pressure increased into the break.
Positioning drove trade in the overnight session with soybeans showing modest strength and wheat leading weakness.
Soybeans led weakness overnight while corn showed modest strength. Wheat was caught in the middle.
Wheat led weakness overnight with corn and soybeans following to the downside.
Corn and soybeans favored the downside in overnight trade while wheat saw action on either side of unchanged.
Corn, soybeans and wheat each made up a portion of Friday’s steep losses overnight, led by strength in the soybean complex.
Corn, soybeans and wheat each favored the downside in overnight trade, though buying interest perked up into the break.
The grain and soy markets remained closed for New Year’s Day overnight and will resume trading at 8:30 a.m. CT.
Short covering spurred gains in the soy and wheat markets overnight, while corn rebounded from Monday’s weakness.
Corn continues to lead strength, making new highs, which has supported the grain and soy complex.