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Soybeans are firmer with corn and wheat under pressure to start the week. Cattle futures open the week under pressure with lean hogs also lower...
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Corn and soybeans gave up early corrective gains overnight, though wheat holds onto marginal gains. Weak export sales across the board helped spur selling pressure this morning.
Net soybean sales during the week ended Feb. 15 were down 84% from the previous week, while weekly corn and wheat sales were down 37% and 33%, respectively.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.
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Wheat showed relative strength overnight while soybeans led weakness, leaving corn caught between the two.
Wheat futures led a round of corrective buying in the grain markets during overnight trade.