Agriculture News
Wheat futures traded higher but have come well off their overnight highs this morning, while corn and soybeans faced followthrough selling.
Corn, soybeans and wheat are weaker this morning and trading near session lows. Soyoil futures are under heavy pressure, but soymeal is firmer.
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Volatility was reduced from recent days in grain and soy complex futures overnight, as corn, soybeans and wheat all traded within relatively tight ranges compared to recent standards.
Corn and soybeans ended firmer, while wheat plunged. Cattle futures faced sharp pressure and hogs finished mixed.
Grain and soy complex futures are called higher, with wheat trade likely to remain extremely volatile. Livestock futures are expected to face followthrough selling.