Corn and soybean futures are under light pressure as wheat futures firm. Fat cattle are higher with feeder futures lower. Lean hogs are posting sharp early gains...
Winter wheat markets built on Friday’s corrective gains during overnight trade, while corn, soybeans and spring wheat struggled to find followthrough buying.
Marketings also dropped sharply during March.
Corn, soybean and wheat futures are expected to open firmer amid corrective buying.
Corn, soybeans and wheat posted corrective gains during the overnight session.
The 90-day outlook calls for above-normal temps over most areas of the country, with “equal chances” of rainfall over most of the Corn Belt.
Corn futures mildly extended Wednesday’s losses overnight, while soybeans erased gains from yesterday. Wheat was supported by light corrective buying.
Corn basis continued to firm seasonally but remains below the three-year average.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
Corn, soybeans and wheat traded on both sides of unchanged overnight.

Brian Grete