Ahead of the Open
Soybeans continue to lead strength with prices hitting the highest level in four weeks early this morning.
Soybeans led strength overnight while corn follow to the upside. Wheat saw action on either side of unchanged.
Soybeans saw relative strength overnight through gains were limited by technical resistance, corn traded narrowly near unchanged and wheat saw relative weakness.
Wheat saw persistent selling pressure early this morning, seeing relative weakness compared to corn and soybeans.
The ongoing sideways to lower trend amid the ongoing data deficient government shutdown continues with corn and wheat pushing to fresh lows overnight.
Soybeans saw corrective buying overnight while grains were steady to modestly lower, led by weakness in the winter wheat markets.
Corn, soybeans and wheat each favored the downside in overnight trade despite comments yesterday that Trump predicted China would resume U.S. ag purchases.
Wheat saw relative strength overnight, soybeans gave up a portion of recent gains and corn continues to trend sideways.
Soybeans saw relative strength overnight while corn and wheat saw action on either side of unchanged.
Soybeans led strength overnight ahead of the anticipated announcement from the Trump administration regarding trade and aid.