First Thing Today
Corn and soybeans pulled back from their recent gains during overnight trade. Wheat was led lower by HRW contracts amid increased harvest activity.
Corn and soybeans were supported overnight by the bigger-than-expected declines in crop condition ratings, while wheat faced price pressure.
Corn futures posted double-digit gains overnight amid increased weather/crop concerns. Soybeans also traded higher, while wheat was narrowly mixed.
Price action was relatively quiet overnight as traders await USDA’s crop reports later this morning.
Corn faced mild followthrough selling overnight, while soybeans traded on both sides of unchanged and wheat firmed after earlier pressure.
Corn, soybeans and wheat posted two-sided trade overnight but are mostly firmer this morning.
Wheat futures posted strong gains overnight after a major dam in Ukraine was destroyed. Corn and soybeans traded solidly higher on lower-than-expected crop condition ratings.
Relatively quiet two-sided price action was seen in the grain and soy markets during overnight trade.
Corn futures are extending losses early this morning, while beans and wheat are mixed.
Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.