Grain and soy futures finished higher and high-range overnight as outside market pressure from Tuesday eased. Cattle and hogs also expected to open higher.
Corn and soy complex futures posted modest corrective gains overnight. Wheat futures were weaker for most of the overnight session but have turned mixed early this morning.
Grain and soy markets faced heavy selling tied to improved peace talks between Russia and Ukraine. Hogs futures also faded on that news, while cattle firmed amid the sharp pressure on corn.
Followthrough pressure from heavy selling in grain and soy futures late in the overnight session amid renewed hopes of Russia/Ukraine peace talks. Livestock markets expected to open lower, too.
Grain and soy markets faced heavy pressure from broad risk aversion. Cattle futures were also pressured by that selling, while hogs shook it off to close mostly firmer.
Grain and soy futures will face heavy pressure this morning. Cattle futures are also expected to trade lower, while hogs may see followthrough strength on the open.
