Ahead of the Open
Soybeans surged higher overnight, supported by Trump encouraging China to increases purchases of U.S. soybeans.
Wheat led weakness overnight as corn and soybeans struggle to maintain early bullish momentum.
Corn opened lower overnight but have since bounced and are well off session lows.
Soybeans led weakness overnight as prices broke down out of the sideways pattern that limited price action most of this week.
China buys meaningful amount of U.S. corn for first time in over a year.
Soybeans led corrective strength overnight, corn pivoted near unchanged and wheat saw relative weakness, giving up a portion of recent losses.
Corn, soybeans and wheat each saw weakness early in the overnight session.
Wheat saw relative strength overnight while corn and soybeans gapped lower and faced followthrough selling.
Corn and soybeans saw followthrough gains overnight, challenging the recent downtrends.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.