Corn, soybeans and wheat extended Thursday’s gains during the overnight session.
Grain and soy futures are expected to open solidly higher on followthrough from overnight price strength.
Corn and soybean futures built on Wednesday’s gains during the overnight session while wheat futures rebounded.
Basis drops for corn and soybeans on the rollover to the July contracts.
Corn and soybeans faced mild followthrough selling during the overnight session. Wheat traded mostly lower overnight, though SRW wheat futures have firmed this morning.
Winter wheat markets and corn futures faced followthrough selling overnight, while soybeans mildly eased from Monday’s gains.
The HRW CCI rating is now 6.0 points under the final mark from last fall. The SRW CCI rating is 15.4 points above the final level ahead of dormancy.
Soy complex futures are higher with wheat mixed and corn under early pressure. Cattle futures are chopping higher as lean hog futures soften...
Soybeans strengthened overnight, along with soymeal and soyoil, while corn traded in a tight range around unchanged and wheat was widely mixed.
Corn, soybeans and wheat traded in narrow ranges during a quiet overnight session.

Brian Grete