Corn and wheat are expected to open under pressure, while soybeans are called mildly firmer this morning.
Wheat futures faced pressure overnight, while corn was mostly weaker and soybeans favored the upside.
Soybeans are expected to open higher amid corrective buying, while corn and wheat could face mild followthrough selling after failing to sustain buyer interest overnight.
Soybean futures traded higher overnight, while corn and SRW wheat failed to sustain earlier corrective buying.
Grain and soy futures will face followthrough selling amid eroding technicals and no indication from export sales data that prices are ‘cheap enough.’
Early corrective buying dried up overnight and grain/soy futures are trading lower and on session lows this morning.
Basis for corn and soybeans dropped despite a sharp decline in futures over the past week.
Grain and soy futures are expected to have a varied tone at the start of daytime trade.
Corn and soybeans posted mild corrective gains overnight, while wheat traded on both sides of unchanged.
Data highlights supportive supply fundamentals for beef, struggles for pork

Brian Grete