Grain and soy futures favored the downside overnight as anxiety with the U.S. banking situation triggered general risk aversion.
Soybeans are expected to open with a weaker tone after price pressure overnight. Corn and wheat may receive some support from a sharp drop in the dollar.
Soybeans traded higher on corrective buying early in the overnight session but are weaker this morning, while corn and wheat pivoted around unchanged.
Corn and soybeans are expected to open slightly firmer. Wheat will continue to struggle to find buyers.
Corn and soybeans traded higher overnight, while the wheat market turned mixed this morning after corrective gains earlier in the session.
Cash cattle prices continue to climb.
USDA made limited revisions to its balance sheets this month, as expected.
Light price action is likely this morning as traders await USDA’s Supply & Demand Report.
Corn, soybeans and wheat faced light selling pressure during a relatively quiet overnight session.
Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened slightly.

Brian Grete