Ahead of the Open
Corn and wheat saw modest corrective strength overnight, while soybeans continued to face selling pressure.
Grain and soy markets are expected to open under solid pressure this morning after weak trade overnight.
Corn futures saw modest corrective gains overnight, soybeans pivoted near unchanged and wheat reversed Monday’s gains.
Corn and soybeans saw corrective gains overnight though saw increased selling into the break. Wheat favored the downside, though went into the break near unchanged.
Soybeans continue to lead weakness, giving up all of Thursday’s gains overnight, while corn followed to the downside. Wheat futures saw modest corrective gains overnight.
Soybeans led strength overnight while corn saw corrective buying from a fresh contract low. Wheat futures saw renewed selling.
Corn futures fell to contract lows overnight, leading soybeans and wheat lower as well. Traders await Thursday’s USDA reports, which will give a fresh look into South American crop estimates and U.S. balance sheets.
Corn, soybeans and wheat each saw gains overnight with soybeans leading the way higher.
Soybeans saw action on both sides of unchanged before selling lower into the break, while corn and wheat traded lower most of the overnight session.
Corn and soybeans saw action on both sides of unchanged overnight while wheat futures favored the upside. Each fell from overnight highs following this morning’s non-farm payrolls report released from the BLS.
Corn, soybeans and wheat started off the new month with a fresh round of selling in the overnight session.