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Corn, soybean and winter wheat futures are expected to open solidly lower after selling pressure overnight.
Updated crop estimates from Dr. Michael Cordonnier.
Corn, soybean and winter wheat futures faced pressure overnight, while spring wheat traded mildly higher.
Top producer Kansas led the HRW decline, falling nearly 3.6 points over the past week.
After the Bell
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Soybeans and wheat are expected to trade solidly higher after active followthrough buying overnight. Corn futures are called mixed, but should be helped by spillover from soybeans and wheat, along with outside markets.
Few changes in short-term trends for ag markets.
Soybeans and wheat extended last week’s gains amid followthrough buying during overnight trade, while corn posted two-sided trade.
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After the Bell | May 5, 2023
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Corn, soybean and wheat futures are expected to open higher amid corrective buying.
Corn, soybeans and wheat firmed amid corrective buying during overnight trade.
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