Ahead of the Open
Buying was seen across the grain markets overnight, follow-through buying after the break will be key in determining if buying is just a corrective bounce or if an interim low could be in place.
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.