First Thing Today
Corn, soybeans and wheat traded higher overnight amid light corrective buying ahead of USDA’s January crop reports later this morning and support from rising crude oil tied to increased Middle East tensions.
Corn, soybean and wheat futures built on yesterday’s corrective gains during the overnight session.
Modest corrective buying was seen in the corn, soybean and winter wheat markets overnight following recent, sharp price losses.
Soybeans faced followthrough selling overnight. Corn and wheat posted two-sided trade but have weakened early this morning.
Corn, soybeans and wheat traded on both sides of unchanged overnight in relatively quiet price action.
Corn, soybeans and wheat traded on both sides of unchanged while holding in narrow ranges overnight.
Corn and soybean futures pulled back from Tuesday’s gains during overnight trade, while the wheat market extended yesterday’s losses.
Soybean and soymeal futures traded sharply higher coming out of the extended holiday weekend on Argentine crop concerns, while corn and wheat followed to the upside.
Corn, soybeans and wheat traded in relatively narrow ranges during two-sided overnight price action.
Corn, soybeans and SRW wheat faced light followthrough selling during overnight trade, while HRW and HRS wheat mildly rebounded.
Corn and soybean futures extended Tuesday’s declines during overnight trade, while wheat futures traded narrowly mixed.