Ahead of the Open
Corn, soybeans and wheat each saw continued corrective gains overnight, with corn and wheat both supported near the break by export sales coming in above expectations.
Grain and soy markets are expected to open under pressure amid broader risk aversion.
Soybeans are expected to open with a weaker tone after price pressure overnight. Corn and wheat may receive some support from a sharp drop in the dollar.
Light price action is likely this morning as traders await USDA’s Supply & Demand Report.
Corn and soybeans are expected to open under light pressure, while wheat is anticipated to be mixed.
Grain and soybean futures are expected to open under pressure, with wheat the downside price leader.
Corn, soybean and wheat futures are expected to open with a firmer tone this morning as markets continue to recoup sharp losses from earlier this week.
Soybeans are expected to open mildly weaker after fading late in the overnight session. Corn and wheat are called slightly firmer at the start of daytime trade.
Soybeans are expected to open firmer on corrective buying. Corn and wheat are likely to be mixed.
Soybeans are expected to lead losses in the grain and soy markets this morning in a continuation of price pressure from overnight trade.
Corn and soybeans are expected to see mild corrective buying, while followthrough selling is likely in the winter wheat markets.