Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
Grains fell under pressure into the break but soybeans continue to show relative strength.
Corn and wheat saw relatively quiet action overnight with corn going into the break at session highs. Soybean futures saw relative weakness, though saw some strength into the break.
Grain volatility was muted in the overnight session with prices relatively flat into the break.
Corn and soybeans both gapped higher overnight, but corn futures struggled to sustain gains. Beans remained strong throughout the overnight session while wheat futures gapped higher but have trended lower since.
Consolidation occurred for most of the overnight session in the grain markets.
Conditions slightly worsening was not enough to bolster additional buying following yesterday’s explosion higher.
Corn, soybeans and wheat traded sharply higher overnight that will likely continue into daytime, although some profit taking is likely.
Corn, soybeans and wheat faced selling pressure in the overnight sessions as optimism about the Black Sea deescalates geopolitical tensions.
Soybeans are expected to open mildly weaker after fading late in the overnight session. Corn and wheat are called slightly firmer at the start of daytime trade.
Grain futures lower overnight amid concern over Covid surge in China; soybeans continue holding above $15.00.
Ahead of the Open Soybeans drive back above $15.00 overnight on weather concerns and China hopes. Corn weaker, wheat mixed.
Grain, livestock markets re-open following long holiday weekend as traders eye S. America weather.
Wheat firmer amid concern extreme Plains cold may damage crop; corn hits three-week high, soybeans firm.
Ahead of the Open | December 22, 2022 Winter wheat futures rise to three-week high amid Plains cold snap; corn, soybeans steady-weaker.
Soybeans reach one-week high, corn and wheat mostly firmer in subdued pre-holiday trading.
Corn, soybean futures mostly higher on corrective buying as trade watches weather; wheat mixed.
Soybean futures fall to lowest level in a week after weekend rains in South America; corn and wheat also lower.
Corn, soybeans narrowly mixed, wheat lower as traders watch weather, outside markets
Corn, soybeans narrowly mixed, wheat firmer, as traders watch U.S., South American weather.