Ahead of the Open
Highlights opening calls for the grain and livestock markets along with comments and key news items.
Soybeans and corn saw modest selling pressure overnight while wheat saw relative strength.
Corn, soybeans and wheat each saw an extension of Monday’s gains early in the overnight session.
Soybeans led strength overnight, negating much of Friday’s selling pressure.
Wheat led strength overnight, breaking out of the recent sideways trend.
Soybeans led strength overnight and pushed to a fresh 17-month high, breaking above the recent sideways range.
Wheat saw relative weakness overnight while corn and soybeans did not stray far from unchanged.
Soybeans and Kansas City wheat saw the most losses
Soybeans saw relative strength overnight as prices bounced off technical support.
The grain and soy markets saw a pullback from recent highs overnight as prices continue to consolidate following the recent run higher.
Soybeans saw relative strength overnight, led by strength in meal, though failed to break above recent highs.
Overnight losses wiped out a majority of Monday’s gains
Wheat breaks out on news from China interest
Near-term profit taking set to weigh on grain market
Treasury secretary says Beijing to buy 12 million metric tons of soybeans ‘this season’
China reportedly steps in to make U.S. soybean purchases ahead of trade agreement
Soybeans continue to lead strength on hopes of clarity regarding China on trade.
Soybeans surged higher overnight on hopes of a trade deal with China, with details coming later this week as President Trump and Chinese President Xi meet in South Korea.
Consolidation was seen across the grain and oilseed complex overnight following big gains on Thursday.
Soybeans continue to lead strength, which will be difficult to continue without participation from corn and wheat in the next couple days.