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Corn futures showed relative strength overnight, soybeans pivoted near unchanged and wheat gave up a significant portion of Tuesday’s gains.
Corn and soybeans are trading near unchanged this morning after light two-sided trade overnight, while wheat futures have weakened.
After the Bell | February 27, 2024
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Cordonnier holds steady on Brazil and Argy crops, U.S. HRW crop improves and Indonesia to encourage palm oil production...
Soybeans led the way higher overnight as soybeans, corn and wheat each saw gains into the break. Each is nearing 10-day moving average resistance, which will be the first real test of the recent bounces.