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Active followthrough selling in soybeans overnight.
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Selling was featured across the grain and soy complexes to end the week, though corn and soybeans were able to notch modest weekly gains, while wheat futures marked contract lows.
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Corn and wheat traded narrowly near unchanged most of the overnight session though saw heightened selling pressure into the break. Soybeans saw relative weakness and went into the break near session lows.
Cash corn and soybean prices rebound from recent lows.
Corn and soybean futures notched gains, while wheat consolidated lower amid lingering technical pressure.
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Corn and soybeans traded on either side of unchanged overnight though saw an increase in buying pressure into the break. Wheat saw relative weakness and gave up most of yesterday’s gain.
Weekly new-crop corn and soymeal sales for the week ended July 18 each exceeded analyst’s expectations, while new-crop soybean sales were within the upper-end of the pre-report range.
Corn near unchanged, beans and wheat lower early this morning.
Basis drops for corn and soybeans as cash prices rise.
Corn futures edged higher for the third straight session, though earlier gains across the grain and soy complexes faded as the U.S. dollar rose from its mid-morning low.
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Corn and wheat saw action on either side of unchanged overnight though corn, soybeans and wheat were each trading lower into the break.
Technical headwinds and U.S. dollar strength weighed on wheat futures, which pulled corn and soybeans from intraday highs.
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