First Thing Today
Grain and soy complex futures traded lower overnight amid corrective selling and pressure from outside markets.
Grain and soy futures opened the week with solid gains, led by sharp advances in soybeans.
Corn and soybeans posted two-sided trade in light overnight price action, while wheat faded.
Soybeans and wheat built on Wednesday’s gains during the overnight session, while corn rebounded from yesterday’s modest declines.
Corn and wheat futures were supported by followthrough buying overnight after strong gains on Tuesday, while the soybean market extended yesterday’s declines.
Corn, soybean and wheat futures recouped a portion of Monday’s sharp price losses during the overnight session.
Soybeans led overnight price declines amid improved weather in Argentina, while corn and wheat followed to the downside.
Corn and winter wheat futures extended losses from the two previous days overnight, while soybeans turned mixed this morning after facing pressure earlier in the session.
Corn, soybean and wheat futures showed mild followthrough selling during most of the overnight session, but price action has turned narrowly mixed early this morning.
Corn, soybean and wheat futures built on their strong finishes Tuesday during the overnight session.