Ahead of the Open
Net sales reductions for old-crop corn and soybeans were rather disappointing today as traders and analysts alike are looking for old-crop exports to end the year strong.
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.