Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
Soybeans surged higher overnight, supported by Trump encouraging China to increases purchases of U.S. soybeans.
Corn, soybeans and wheat each saw an extension of recent strength early in the overnight session before testing technical resistance, which spurred selling pressure as bears continue to hold the near-term technical advantage.
Grains saw a solid rebound overnight that was bolstered by stronger than expected export sales this morning, which pulled soybeans higher as well.
Corn and wheat hit fresh contract lows overnight while soybeans saw relative strength.
Soybeans continue to lead strength as soymeal is leading a rebound.
Wheat led a late session rebound and was trading on session highs going into the break.
Corn found stiff technical resistance at the 10-day moving average overnight, which pushed prices off recent highs.
Corn, soybeans and wheat struggled to maintain early overnight bullish momentum and saw an increase in selling pressure going into the break this morning.
Wheat led weakness overnight while corn saw relative strength, but struggled to garner much bullish momentum.
Wheat led weakness overnight as corn and soybeans struggle to maintain early bullish momentum.
Corn opened lower overnight but have since bounced and are well off session lows.
Soybeans led weakness overnight as prices broke down out of the sideways pattern that limited price action most of this week.
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.
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.
Corn and soybeans saw followthrough gains overnight, challenging the recent downtrends.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.
Grains led weakness overnight while soybeans saw relative strength, supported by gains in soyoil.