Heavier selling pressure was seen in grain and soy futures overnight, especially the soybean and winter wheat markets, after disappointing finishes on Monday.
Soybeans are mixed with corn mostly lower and wheat mildly firmer to start the week. Livestock futures are supported by corrective buying...
Corn and wheat are expected to open lower, with soybeans likely to trade higher initially this morning.
Soybeans and wheat mildly favored the upside in quiet overnight trade, while corn traded on both sides of unchanged.
Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.
Corn, soybeans and wheat were supported by corrective buying overnight after heavy selling pressure earlier this week.
As of Jan. 3, 70% of the U.S. was covered by abnormal dryness/drought, down four percentage points from the previous week and 15 points below the peak in early November.
Corn and soybeans failed to hold earlier corrective gains late in overnight trade and are expected to open lower this morning.
Corn, soybeans and wheat firmed overnight amid mild corrective buying following sharp losses the first two trading sessions of the new year.
Basis declined for corn and soybeans over the past week but remained positive and above average.

Brian Grete