Ahead of the Open
Soybeans built on Wednesday’s corrective gains overnight while corn and wheat struggled to build on recent strength.
Corn and wheat led overnight strength as Lutnick says U.S. may walk back tariffs on Mexico, the top buyer of U.S. corn and wheat.
Corn, soybeans and wheat each faced follow-through selling pressure overnight in reaction to the start of trade wars with key trading partners.
Corn, soybeans and wheat each saw action on either side of unchanged overnight.
The grain complex led weakness overnight, while soybeans traded on either side of unchanged.
Corn, soybeans and wheat each favored the downside in overnight trade though selling efforts stalled towards the end of the session.
Corn and soybeans traded in tight ranges near unchanged overnight while wheat favored the upside, negating most of yesterday’s weakness.
Soybeans led overnight strength with corn following solidly to the upside. Wheat saw moderate strength.
Corn, soybeans and wheat each traded on either side of unchanged overnight, but favored the downside into the break.
Corn led strength overnight while soybeans and wheat faced selling pressure for much of the overnight session, though buying interest increased in each going into the break.