Soybeans led weakness overnight as prices broke down out of the sideways pattern that limited price action most of this week.
Market remains keyed in on U.S. weather, ignoring bigger picture
China buys meaningful amount of U.S. corn for first time in over a year.
Soybeans led corrective strength overnight, corn pivoted near unchanged and wheat saw relative weakness, giving up a portion of recent losses.
December futures are poised to break higher, but need some help.
Corn, soybeans and wheat each saw weakness early in the overnight session.
Wheat saw relative strength overnight while corn and soybeans gapped lower and faced followthrough selling.
Cattle futures shore up discounts to the cash market.
Corn and soybeans saw followthrough gains overnight, challenging the recent downtrends.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.

Lane Akre