First Thing Today
Soybean futures reversed losses from the past two days during overnight trade, while corn and wheat faced price pressure.
Corn, soybean and wheat futures traded on both sides of unchanged during the overnight session but have firmed and are near their highs this morning.
Soybeans led a corrective rebound in the grain and soy markets overnight.
Soybean futures extended this week’s gains ahead of USDA’s reports during overnight trade. Corn followed to the upside, while wheat traded mostly lower.
Corn, soybean and spring wheat futures firmed amid followthrough buying overnight, while the winter wheat markets posted corrective gains.
Soybeans posted strong gains overnight, while corn and wheat followed to the upside. As
Wheat futures posted sharp losses during overnight trade, while corn and soybeans also traded lower.
Two-sided trade was seen in grain markets overnight, but prices have turned firmer with the exception of SRW wheat.
Forecasts call for multiple rain chances for the Plains and Midwest into mid-July, with central and southern areas expected to be the wettest.
Soybean futures aggressively extended Friday’s price rally during overnight trade. Corn followed to the upside, while wheat traded mixed.
Corn, soybean and wheat futures firmed amid corrective buying during the overnight session as traders await USDA’s reports later this morning.