Ahead of the Open
Corn, soybeans and wheat each drifted lower on low volume in overnight trade, giving up a portion of Friday’s gains.
Corn and soybeans will face heavy pressure from improved rainfall chances, while wheat is expected to actively follow to the downside.
Grain and soy futures are expected to open lower, with the heaviest selling likely in the soy complex.
Corn, soybean and wheat futures are expected to open sharply higher on support from plunging crop condition ratings. Soyoil will face heavy pressure from reports of EPA’s biodiesel mandates.
Grain and soy futures are expected to open mixed to mostly lower. Bull spreading is likely in corn and soybeans.
Grains are expected to open sharply higher amid building weather concerns.
Grain markets are expected to open sharply higher amid weather and crop concerns for corn and soybeans.
Grain and soy futures are expected to open moderately to sharply lower despite supportive outside markets.
Corn and soybeans are expected to open moderately to sharply higher on support from crop concerns. Wheat is likely to be mixed.
Corn and soybeans are expected to open higher on weather/crop concerns. Wheat is called mixed this morning.
Quiet trade is expected in the grain and soy markets this morning as traders await USDA’s June crop reports.