Ahead of the Open
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.
Grain and soy futures are expected to have a varied tone at the start of daytime trade.
Grain and soy futures are expected to favor the downside after failing to sustain corrective buying overnight.
Grain and soy futures posted two-sided trade overnight, suggesting a rather directionless start to the daytime session.
Corn and soybeans will face followthrough selling, while wheat will attempt to maintain modest corrective gains posted overnight.
Grain and soy futures will face active followthrough selling after losses overnight and disappointing weekly export sales.
Grain and soy futures will face pressure from corrective selling and negative outside markets.
Soybeans are expected to open higher on followthrough buying. Mixed trade is likely in corn and wheat.
Soy futures are expected to open firmer on support from an Argentine grain inspector strike at ports. Corn and SRW wheat are also expected to trade higher, while HRW and HRS wheat futures will likely face light selling.
Grain and soy markets are expected to favor the downside this morning, though corn could find some support from daily export sales to China.
Soybeans are expected to open higher, with wheat likely to face pressure. Corn will be caught in the middle but could pull support from daily export sales to China.