Ahead of the Open
Wheat continues to lead strength. Old-crop corn saw impressive strength this morning following higher than expected export sales.
Wheat futures led strength overnight with corn and soybeans following to the upside.
Corn led strength overnight while wheat and soybeans saw action on either side of unchanged.
Soybeans favored the downside overnight while corn and soybeans saw action on either side of unchanged.
Wheat saw corrective strength, soybeans saw modest selling within the recent sideways range and corn was caught in the middle during the overnight session.
Wheat led weakness overnight as July futures nearly tagged the contract low, while corn and soybeans followed to the downside.
Corn, soybeans and wheat each favored the upside in overnight trade though saw an increase in selling pressure in the latter portion of the session.
Soybeans continue to lead strength while corn saw corrective buying overnight.
Soybeans saw relative strength overnight, building on Trump’s seeming change of attitude towards China.
Soybeans saw relative strength overnight while grains saw persistent selling pressure for the most part.
Corn, soybeans and wheat favored the upside in overnight trade despite an overall risk-off tone in the general marketplace.