Ahead of the Open
Corn, soybeans and wheat each posted corrective gains overnight, with corn leading the way higher. The open has brought selling pressure most of this week, a change of that trend will be key.
Corn traded narrowly to the downside overnight, soybeans traded lower early but went into the break nearer session highs, while wheat saw sustained selling pressure.
Corn, soybeans and wheat pivoted around unchanged most of the night, though wheat favored the downside into the break.
Corn and wheat gapped higher overnight and showed continued strength, while soybeans traded on both sides of unchanged, though went into the break nearer session highs.
Corn, soybeans and wheat each favored the downside overnight, though corn and soybeans saw corrective buying into the break.
Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.
Beans are expected open higher, wheat lower and corn near unchanged.
Corn and soybeans favored the upside overnight, while wheat saw some profit taking, though went into the break well off session lows.
Corn and soybeans are expected to open lower, with wheat likely to see a mildly varied start (winter wheat markets lower, spring wheat higher) to daytime trade.
Wheat futures led the way higher overnight, as soybeans and corn both saw spillover strength. The increase in export demand has encouraged buyers of each market.
Corn futures continued to show relative strength overnight, soybeans saw corrective buying from recent selling and wheat futures saw profit taking, though each saw buying into the break.