First Thing Today
Soybean futures continued their price surge overnight with front-month futures reaching their highest level on the continuation chart since Sept. 13. Corn and wheat traded in narrow ranges on either side of unchanged.
Concerns with surging Covid cases in China triggered risk aversion in markets overnight, including grain and soy futures.
Soybeans built on Tuesday’s gains overnight but failed to get near yesterday’s highs. Corn and wheat futures held in tight trading ranges in thin trade.
Corn, soybeans and wheat firmed after trading lower early in the overnight and are near their highs this morning.
Corn, soybean and wheat futures held in tight ranges in a lightly traded overnight session.
Corn, soybeans and wheat opened lower overnight but firmed through the session and are higher this morning.
Corn and soybeans firmed amid mild corrective buying during a lightly traded overnight session. Wheat traded mostly firmer.
Corn and soybean futures faced pressure overnight after weekend rains fell on some dry areas of South America, while wheat showed a mixed tone.
Corn and soybeans are weaker this morning after two-sided price action overnight, while wheat futures are mostly firmer.
Corn, soybean and wheat futures traded within narrow ranges in quiet, two-sided price action overnight.