First Thing Today
Corn and soybean futures swung to both sides of unchanged during the overnight session, while wheat favored the upside.
Corn, soybeans and wheat regained a portion of Tuesday’s losses during overnight trade.
Corn and soybeans traded lower overnight after USDA raised crop condition ratings more than anticipated Monday afternoon. Wheat faced followthrough selling amid a lack of supportive news.
Soybeans recouped Friday’s losses during overnight trade. Corn and wheat failed to sustain early buyer interest overnight and are lower this morning.
Corn, soybeans and wheat traded in relatively tight ranges during the overnight session as traders awaited USDA’s August crop reports later this morning.
Soybean futures extended gains from the two previous days during overnight trade, while corn and wheat rebounded amid corrective buying.
Soybeans traded higher overnight, while wheat faced pressure and corn was caught in the middle.
Corn and soybeans faced followthrough selling overnight, while wheat futures pulled back from Monday’s gains.
Soybean futures were pressured overnight by weekend rainfall across the Corn Belt, while wheat rallied amid mounting tensions in the Black Sea. Corn was caught in the middle and traded on both sides of unchanged.
Corn, soybeans and wheat traded sharply higher overnight amid rising geopolitical tensions after Ukraine attacked a major Russian Black Sea port.
Corn, soybeans and wheat initially extended Wednesday’s losses overnight but some contracts have firmed amid mild corrective buying early this morning.