Persistent selling continues across the grain and soy markets, with corn leading the way lower overnight, marking a fresh contract low.
Wheat continues to lead weakness following last week’s peak, while corn and soybeans followed to the downside.
Soybeans saw strength to start the overnight session but have since faded lower.
Cattle futures are posting solid gains amid steep discounts to cash.
Corn and soybeans favored the upside overnight, which wheat saw profit-taking following Wednesday’s big push higher.
Wheat saw relative strength, soybeans consolidated near recent highs and corn saw moderate weakness overnight.
Winter wheat saw relative strength overnight which helped pull new-crop corn futures higher.
Grains saw relative weakness overnight while soybeans were supported by robust followthrough gains in soyoil following Friday’s limit higher close.
Bean oil is leading strength this morning, pulling soybeans higher
Corn, soybeans and wheat each traded higher early in the overnight session, supported by strength in the overall commodity marketplace as Israel launched a widespread attack against Iran.

Lane Akre