First Thing Today
Corn, soybeans and wheat faced increased selling pressure during overnight price action and are trading near session lows this morning.
Price action was light and two-sided overnight, but a mostly firmer tone has developed this morning.
Wheat futures extended their recent corrective gains overnight. Corn followed to the upside while soybeans pivoted around unchanged.
Soybeans extended Monday’s strong gains overnight, while corn modestly pulled back and wheat traded narrowly on both sides of unchanged.
Soybeans mildly built on Friday’s corrective gains during overnight trade while the corn and wheat markets pulled back.
Soybeans’ attempt at a corrective rebound overnight proved futile and the market is under pressure this morning. Corn futures traded both sides of unchanged, while wheat firmed overnight.
Corn futures built on Wednesday’s corrective gains overnight, while soybeans and wheat bounced after recent losses.
Bears controlled price action overnight, with corn, soybean and wheat futures trading solidly lower and near their session lows this morning.
Light corrective buying has surfaced in some of the grain and soy futures early this morning after they faced pressure for much of overnight trade.
Bears controlled price action in the grain and soy markets overnight amid ongoing macroeconomic unease.
Corn, soybeans and wheat were supported by corrective buying and outside markets overnight.