Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
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.
Wheat led weakness overnight with corn following to the downside.
The grain and soy complex traded in a tight range overnight, straying little from unchanged
Grains fell under modest pressure overnight while beans continue in a tight range.
Soybeans saw modest strength overnight and continue to trade in the recent sideways range.
Grains favored the downside overnight, giving up most of the gains seen on Tuesday following USDA reports.
Corn continues to lead weakness as funds cover positions ahead of today’s USDA reports.
Grains continue to lead weakness with both corn and wheat falling under pressure this morning
Corn, soybeans and wheat are each poised to work higher on a technical basis.
Soybeans led strength overnight and are trading above key resistance this morning.