Winter wheat futures faced moderate to heavy selling pressure overnight, while milder losses were posted in corn, soybeans and spring wheat.
Corn and soybean futures were supported by corrective buying overnight, while wheat pivoted around unchanged.
Basis firmed for corn, soybeans and wheat as cash prices dropped sharply.
Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.
Both the current conditions index and future expectations index rose from April.
Corn futures showed mild followthrough selling throughout the overnight session, while soybeans and wheat have weakened this morning following two-sided trade earlier in the session.
Both crops start the growing season rated well above year-ago.
Wheat futures are higher with corn and soybean futures under pressure to start the week. Cattle and hog futures are mildly favoring the upside...
Wheat futures recouped some of last week’s losses during the overnight session, while corn and soybeans extended their recent declines.
Corn, soybeans and wheat recouped some of the losses from earlier this week during the overnight session.

Brian Grete