Ahead of the Open
Corn and soybeans saw action on both sides of unchanged overnight while wheat futures favored the upside. Each fell from overnight highs following this morning’s non-farm payrolls report released from the BLS.
Wheat futures are expected to lead price gains amid HRW crop concerns and on support from outside markets.
Positioning is expected ahead of USDA’s April crop reports at 11 a.m. CT.
Wheat futures are expected to open firmer, with HRW contracts likely to lead gains amid weather concerns.
Corn and soybeans are expected to open lower on followthrough selling from pressure overnight. Weekly soybean sales were disappointing.
Corn and soybeans are expected to trade lower. Wheat futures are called firmer, though spillover pressure will limit buyer interest.
Corn, soybeans and wheat are expected to open higher after strong gains overnight amid support from surging crude oil futures.
Quiet trade is expected ahead of USDA’s Prospective Plantings and Quarterly Grain Stocks Reports at 11 a.m. CT.
Grain and soy futures are expected to open with a firmer tone this morning on support from HRW crop concerns and bullish corn export demand news as there was another daily corn sale to China.
Wheat futures will lead the ongoing price recovery in the grain and soy markets as Cargill says it will cease Russian grain shipments starting July 1.
Soybeans and wheat extended Monday’s gains overnight. Corn modestly pulled back but there was another daily old-crop corn export sale that could provide support during daytime trade.