Corn and soybeans are mildly higher with wheat futures mixed. Cattle futures are higher with hog futures under pressure to start the week...
Soybeans and wheat posted mild corrective gains overnight, while corn futures extended their price slide.
Corn, soybeans and wheat traded higher overnight amid light corrective buying ahead of USDA’s January crop reports later this morning and support from rising crude oil tied to increased Middle East tensions.
Soybeans traded solidly higher overnight, while corn and wheat pivoted around unchanged in light trade.
Basis firmed for soybeans and cash prices dropped.
Corn, soybeans and wheat were unable to build on Tuesday’s corrective gains during overnight trade.
Corn, soybeans and wheat recouped a portion of Monday’s losses during overnight trade.
Grain and soy futures favored the downside overnight - pressure continues this morning. Cattle futures are choppy with lean hogs mostly lower to start the week...
Grain futures posted two-sided trade overnight, though markets are mostly weaker this morning.
Corn and soybean futures mildly favored the downside in quiet, two-sided overnight trade, while wheat firmed.

Brian Grete