Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
Weakness persisted across the grain and oilseed complex overnight as peace talks in the Middle East have funds exiting the market.
Profit-taking was seen across the grain and soy complex overnight with each market hitting fresh highs before reversing lower
Soybeans are leading strength amid the ongoing breakout on the daily bar chart.
Corn, soybeans and wheat each favored the upside in overnight trade.
Profit-taking was seen in the grain markets overnight, giving up portion of recent gains.
Wheat futures pushed to a 22-month high overnight as prices continue to surge higher.
The grain market continues to lead strength with wheat pushing to fresh highs.
The grain market continues to lead strength while soybeans trade sideways.
July corn is pushing higher for the fifth consecutive session, leading strength, while wheat and soybeans saw relative weakness overnight.
Wheat led strength overnight, soybeans led weakness and corn was caught in the middle.
Corn futures continue to push higher and are leading strength, while soybeans followed to the upside overnight.
Soybeans led strength overnight with corn following to the upside. Both are trading near recent highs
Heightening tensions in the Middle East grabbed the attention of the marketplace overnight.
Corn, soybeans and wheat each favored the downside in overnight trade with selling pressure increasing going into the break.
Concerns over crop conditions driving the move
Corn futures led strength overnight while soybeans saw some late session buying following a social media post from President Trump.
Soymeal offering support with strong gains
Rising oil futures offered support to grains
Meal prices surged higher overnight, supporting soybeans and extending the recent rally.
The grain and soy complex favored a risk-on tone overnight, making up a portion of Wednesday’s losses.