Ahead of the Open
Corn, soybeans and wheat traded in narrow ranges overnight and were supported by strong export sales this morning, as each went into the break near session highs.
Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure in the overnight session and went into the break near session highs.
Soybeans led weakness overnight with wheat following to the downside. Corn futures favored the upside but faded to just fractionally higher into the break.
Wheat futures led weakness overnight with corn following to the downside.
Corn, soybeans and wheat each showed resilient strength overnight with wheat rebounding from yesterday’s weakness and posting the strongest gains.
Corn, soybeans and wheat each favored the upside in followthrough buying overnight.
The grain and oilseed markets shook off extensive selling pressure in equity futures overnight, each posting gains in the overnight session.
Corn, soybeans and wheat each posted solid gains overnight alongside most risk assets.
Volatility continues to run rampant across the marketplace, dictating much of the price action in the grain and soy markets.
Grains showed some strength early in the overnight session but reports of China increasing tariffs on U.S. goods sent the grain and oilseed markets spiraling lower alongside most U.S. assets this morning.