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Corn, soybeans and wheat each trended higher throughout the overnight session and went into the break near session highs.
Soybeans led the way lower overnight, pulling corn futures modestly lower. Wheat saw relative strength though went into the break off session highs.
Soybeans and wheat posted mild gains during the overnight session, while corn held near unchanged.
The Seasonal Drought Outlook calls for broad continuation or expansion of drought for most winter wheat areas.
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Wheat saw relative weakness overnight, pulling both corn and beans lower for most of the overnight session. Soybeans surged higher this morning and went into the break near session highs.
Soybean sales notably topped pre-report expectations for the week ended Sept. 12, while wheat sales were short of analysts’ pre-report range.
Corn, soybeans and wheat briefly traded higher early in the overnight session but have weakened and are near their lows early this morning.