Ahead of the Open
Corn and soybeans saw modest corrective buying overnight, while wheat saw continued selling pressure. The key for corn and soy will be strength on this morning’s open, as selling on the open has been the norm this week.
Corn and soybeans favored the downside overnight, with soybeans leading the way lower. Both went into the break well off session lows. Wheat traded higher, continuing to show relative strength.
Corn, soybeans and wheat each saw selling pressure overnight and went into the break near session lows with soybeans leading the way lower.
Corn mildly favored the upside overnight, fueled higher into the break by export sales coming in above expectations at a marketing year high, while wheat and soybeans were slightly lower.
Soybeans and wheat saw continued followthrough buying overnight, while corn continues to struggle garnering strength, though losses remain limited.
Corn, soybeans and wheat each saw corrective buying overnight with soybeans leading the way higher. Corn and wheat continue to struggle garnering much bullish momentum despite both markets being oversold.
Corn, soybeans and wheat each saw corrective buying overnight though saw renewed selling pressure into the break.
Soybeans favored the downside overnight amidst profit taking, wheat futures favored the upside, corn was stuck in the middle and traded narrowly near unchanged. Each saw an increase in selling pressure into the break.
Corn, soybeans and wheat all favored the upside overnight, with beans continuing to lead the way higher.
Corn and soybeans reversed early overnight losses and into the break nearer session highs, as soybeans continue to lead strength. Wheat futures slipped, continuing last week’s weakness.
Grain markets are expected to open weaker this morning after price pressure overnight.