Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.
Corn and soybean basis remains well above average.
Grain and soy futures are expected to face heavy pressure after active followthrough selling during overnight trade.
Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.
The initial CCI ratings came one week earlier than last year.
Corn, soybeans and wheat futures are under hefty pressure to start the week. Livestock futures are higher this morning...
Soybeans and wheat are expected to open sharply lower, with corn likely to trade lower on spillover pressure.
Beans and wheat faced heavy pressure coming out of the holiday weekend, while corn modestly favored the downside in mixed trade.
Corn, soybeans and wheat are expected to open higher following solidly firmer trade overnight. Support will come from weather, greater risk appetite and outside markets.
Corn, soybean and wheat futures showed price strength overnight and are trading near their session highs early this morning.

Brian Grete