The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of the Central and Southern during the February through April period.
The drought footprint continued to gradually recede but remained wide.
Corn, soybean and wheat futures are expected to face followthrough selling after a lower close on Wednesday and weakness overnight.
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 and soybean basis declines amid big jump in cash prices.
Corn and soybeans are expected to face profit-taking at the start of daytime trade, though supportive outside markets should limit selling.
Corn, soybean and wheat futures built on their strong finishes Tuesday during the overnight session.
Corn, soybean and wheat futures are under pressure to start the week. Hog futures are slightly firmer with cattle futures under pressure...
Grain and soybean futures are called lower this morning after price pressure during overnight trade.
Grain markets traded solidly lower overnight, with wheat and soybeans leading price declines.

Brian Grete