Ahead of the Open
After showing relative weakness most of this week, wheat led strength overnight, challenging the psychological $6.00 mark.
Corn, soybeans and wheat saw a volatile night of trade as the market digests the implications of U.S. involvement in Iran.
Gains were seen across the grain and soy complex overnight with each surging to fresh for-the-move highs.
Corn and soybeans exhibited impressive strength overnight, led by beans which hit a fresh two-and-a-half month high
Wheat continues to see relative weakness, though prices continue to trade within last Friday’s range.
Corn, soybeans and wheat each traded in relatively tight ranges overnight following Monday’s big price swings.
Soybeans continue to garner the most market attention as traders wait to see what the ramifications of Friday’s Supreme Court ruling are.
Wheat continues to lead strength while corn and soybeans followed the market higher overnight.
Wheat pushed to multi-month highs overnight and are leading strength.
Soybeans climbed to a 3-month high overnight and continue to lead strength.
Corn, soybeans and wheat each favored the downside overnight with wheat seeing relative weakness.