First Thing Today
This morning report highlights the overnight trading session and key domestic and global developments impacting markets.
Soybeans turned lower after rallying 60 cents in two sessions to start the week, wheat futures continue to bounce from near-contract lows and corn saw light trading on both sides of unchanged overnight.
Soybeans continued Monday’s rally overnight, corn is pressing into the upper end of the recent sideways range and wheat saw corrective buying off yesterday’s for-the-move low.
Soybean futures firmed despite a gap lower on the overnight open, corn futures have pivoted near unchanged while wheat continued recent weakness.
Corn futures saw some slight pressure overnight while soybeans continue to show relative strength. Wheat futures showed moderate strength as well, led by the HRW and HRS contracts.
Grains are mixed overnight, but soybean futures continue to rally.
Grains were relatively flat overnight but soybeans continue to face pressure.
Grains saw mixed action overnight despite the overall risk on attitude of the market.
Corn and soybeans saw strong overnight gains, though wheat faced modest losses.
Corn and wheat saw follow-through selling overnight despite a strong close yesterday. Soybean futures have traded on both sides of unchanged overnight.
After explosive trade yesterday, corn, soybeans and wheat traded lower overnight.
For the first time since the onset of the war, Moscow expanded their missile strikes to attack Danube River port infrastructure.
Following Russia’s threat of any ships heading to Ukrainian ports being regarded as military vessels, Ukraine released a similar warning for ships heading into Russian ports or Ukrainian areas occupied by Kremlin troops.
Corn, soybean and wheat futures traded solidly higher overnight on support from Russia halting the Black Sea grain deal and weather concerns.
Wheat futures firmed overnight, while soybeans faced mild selling pressure and corn was caught in the middle.
Crop Tour estimates Iowa corn yield, soybean pod counts below last year’s levels; Minnesota corn yield higher.
Illinois, western Iowa corn yield estimates down from last year, Crop Tour finds; Illinois pod counts better.
Crop Tour scouts report lower numbers for Indiana, Nebraska; Illinois, Iowa, Minnesota ahead today.
Scouts head through Indiana, Illinois, Nebraska on Day 2 of Pro Farmer Crop Tour after finding subpar yields in S. Dakota.
First Thing Today | August 22, 2022 Soybean futures post corrective gains overnight as market awaits Pro Farmer Crop Tour reports.
Grain futures rebound from sharp losses, big banks pass Fed stress tests, U.S. beef supplies up sharply.