The Seasonal Drought Outlook calls for broad continuation or expansion of drought for most winter wheat areas.
Corn, soybeans and wheat briefly traded higher early in the overnight session but have weakened and are near their lows early this morning.
Soybean futures posted double-digit gains overnight, while corn and wheat traded modestly higher.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
Wheat and corn futures are weaker with soybeans mildly higher. Cattle and hog futures are higher to start the week…
Wheat futures led overnight losses in the grain markets to open the week.
Wheat futures firmed overnight amid global supply concerns and rising tensions in the Black Sea region, while corn and soybeans built on Thursday’s gains.
Wheat futures led followthrough buying in the grain and soy markets during the overnight session.
Corn and soybean futures rebounded from Tuesday’s losses, while wheat showed followthrough price strength during the overnight session.
Soybean futures erased Monday’s strong gains during the overnight session, while corn mildly followed to the downside and wheat was choppy.

Brian Grete