Ahead of the Open
Corn, soybeans and wheat each saw persistent, heavy selling pressure overnight, negating much of last week’s gain across the three.
Corn and soybeans saw action on both sides of unchanged overnight, wheat favored the downside though pared losses into the break.
Corn, soybeans and wheat each saw selling pressure overnight, with wheat leading the way lower.
Soybeans continue to show relative strength, corn retraced Friday’s losses and wheat saw spillover strength overnight. Each firmed into the break.
Soybeans posted corrective gains overnight, wheat posted modest losses and corn was caught in the middle.
Soybeans led the grain and soy markets lower overnight as May soybeans trade fresh contract lows. Export sales rebounded for corn and wheat but remain abysmal for soybeans, according to this morning’s report.
Corn futures showed relative strength overnight, soybeans pivoted near unchanged and wheat gave up a significant portion of Tuesday’s gains.
Soybeans led the way higher overnight as soybeans, corn and wheat each saw gains into the break. Each is nearing 10-day moving average resistance, which will be the first real test of the recent bounces.
Corn futures fell to fresh contract lows overnight, dragging wheat lower as well. Soybeans fell to contract lows though saw corrective buying into the break.
Corn and soybeans gave up early corrective gains overnight, though wheat holds onto marginal gains. Weak export sales across the board helped spur selling pressure this morning.
Wheat showed relative strength overnight while soybeans led weakness, leaving corn caught between the two.