Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
Grains traded in tight ranges overnight with corn, soybeans and wheat each favoring the downside.
Grain markets favored the downside overnight though went into the break near session highs.
Grain markets were closed overnight due to the holiday and are set to open at 8:30. A surging U.S. dollar index is likely to pressure both corn and wheat, while falling crop estimates are likely to support soybeans.
Corn and soybeans traded lower most of the overnight session while wheat favored the upside, though saw profit taking into the break.
Corn, soybeans and wheat traded near unchanged most of the night, though buying pressure increased into the break.
Corn, soybeans and wheat each saw losses overnight on light volume, though corn and beans each saw increased buying into the break.
Grain markets were closed overnight, though outside markets are supportive for a higher open this morning.
Corn, soybeans and wheat each favored the upside overnight with each firming into the break, as each saw little volatility overnight.
Wheat futures showed relative strength overnight despite weakness in the soy complex, while corn traded in a tight range.
The grain markets saw limited volatility overnight, with corn seeing slight buying into the break, soybeans seeing mild selling pressure and wheat facing profit taking from Tuesday’s rally.
Corn, soybeans and wheat each favored the downside overnight, with soybeans leading the way lower.
Corn traded narrowly to the downside overnight, soybeans traded lower early but went into the break nearer session highs, while wheat saw sustained selling pressure.
Corn, soybeans and wheat pivoted around unchanged most of the night, though wheat favored the downside into the break.
Corn and wheat gapped higher overnight and showed continued strength, while soybeans traded on both sides of unchanged, though went into the break nearer session highs.
Corn, soybeans and wheat each favored the downside overnight, though corn and soybeans saw corrective buying into the break.
Corn and soybeans favored the upside overnight, while wheat saw some profit taking, though went into the break well off session lows.
Wheat futures led the way higher overnight, as soybeans and corn both saw spillover strength. The increase in export demand has encouraged buyers of each market.
Corn futures continued to show relative strength overnight, soybeans saw corrective buying from recent selling and wheat futures saw profit taking, though each saw buying into the break.
Corn and soybeans favored the downside overnight, with soybeans leading the way lower. Both went into the break well off session lows. Wheat traded higher, continuing to show relative strength.
Corn, soybeans and wheat each saw selling pressure overnight and went into the break near session lows with soybeans leading the way lower.