First Thing Today
Wheat futures posted followthrough to Monday’s strong gains overnight, while buying was limited in corn and soybeans.
Corn, soybean and wheat futures are mildly firmer and near their overnight highs this morning as tensions in the Middle East intensify.
Corn, soybean and wheat futures were relatively quiet during the overnight session as traders await USDA’s October crop reports later this morning.
Corn and soybeans extended Monday’s losses during overnight trade, while wheat more than wiped out yesterday’s gains.
Corn, soybeans and wheat firmed overnight on support from crude oil as it responded to a major geopolitical shock over the weekend when Hamas raided Israel.
Corn, soybeans and wheat spent time on both sides of unchanged while holding in tight trading ranges overnight.
Corn and soybeans faced fresh selling pressure during overnight trade, while wheat firmed amid light corrective buying.
Soybean futures firmed amid corrective buying overnight, while wheat declined and corn chopped around unchanged.
Corn and soybean futures failed to build on Monday’s gains and traded lower overnight, while wheat had a mixed tone.
Corn and wheat futures traded higher on corrective buying overnight, while soybeans faced followthrough selling.
Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.