Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
Corn, soybeans and wheat each saw sustained selling pressure overnight, with soybeans showing relative strength.
Strong gains in wheat led to modest gains in corn overnight, while soybeans continue to see relative weakness. Each saw an increase in buying activity into the break.
Corn, soybeans and wheat each posted corrective gains overnight on light volume. Key will be if buyers can maintain gains after the open, which has brought selling pressure all week.
Corn and soybeans saw modest corrective buying overnight, while wheat saw continued selling pressure. The key for corn and soy will be strength on this morning’s open, as selling on the open has been the norm this week.
Corn, soybeans and wheat each favored the downside overnight in a continuation of Tuesday’s weakness. Prices are nearing the lower end of the recent sideways trading range in each crop.
Wheat led strength overnight, soybeans led to the downside and corn was caught in the middle, though each faced increased selling pressure into the break.
Corn, soybeans and wheat each saw limited volatility overnight, trading in relatively narrow ranges on both sides of unchanged.
Corn, soybeans and wheat each saw an increase of buying interest this morning, with corn leading the way higher. Wheat saw relative weakness but went into the break well off session lows.
Wheat led strength overnight though went into the break well off session highs, corn and soybeans followed suit, posting early overnight gains but weakening into the break.
Soybeans led weakness overnight though corn, soybeans and wheat each pulled back from Monday’s gains. Each saw light volume overnight.
Strong gains in wheat led corn and soybeans higher overnight. Wheat maintaining overnight gains will be key as the recent trend has been overnight strength followed by weakness after the open.
Wheat futures led resurgent strength across the grain and soy markets overnight.
Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure, with wheat leading the way higher overnight.
Corn futures showed relative strength overnight though saw increased selling into the break, while soybeans and wheat each traded lower most of the overnight session.
Corn, soybeans and wheat each opened lower overnight, with corn and soybeans struggling to garner much bullish momentum overnight, while wheat reversed losses and traded higher into the break.
Strong wheat gains led corn modestly higher overnight, while soybeans pivoted near unchanged. Price action will largely be dictated by the release of USDA reports at 11 a.m. CT.
Corn, soybeans and wheat each posted gains most of the overnight session though selling took corn and beans lower into the break, while wheat maintained gains.
Corn, soybeans and wheat each saw modest continued profit taking overnight with wheat leading to the downside.
Corn, soybeans and wheat each pulled back from robust gains on Monday overnight, with wheat leading the way lower.
Corn, soybeans and wheat pulled back from Monday’s strong gains during the overnight session.