Corn, soybean and wheat futures faced price pressure during overnight trade coming off Wednesday’s holiday.
Wheat basis continues to firm amid plunging cash prices.
Corn and soybean futures were supported by light corrective buying overnight, while wheat futures posted mixed trade.
All three crops remain rated well above year-ago at this time.
Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...
Soybeans and wheat posted sharp losses during the overnight session, while corn followed to the downside.
Corn, soybeans and SRW wheat pulled back from yesterday’s gains during overnight trade, while HRW and HRS wheat extended their losses.
Corn, soybeans and wheat traded on both sides of unchanged while holding in tight trading ranges overnight.
Basis firmed for corn, soybeans and SRW wheat.
Policymakers dial back rate cut expectations.

Brian Grete