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Corn and wheat futures are higher this morning with soybeans working to the upside. Livestock futures are higher to start the week...
Corn and soybeans saw continued selling pressure overnight, while wheat posted modest corrective gains. Each saw selling pressure into the break.
Corn, soybean and wheat futures held in relatively tight ranges during light, two-sided trade overnight.
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Corn and wheat faced selling pressure overnight while soybeans continued to show relative strength.
Weekly corn sales during the week ended March 7 totaled 1.28 MMT, up 16% from the previous week, while soybean and wheat sales each faded, down 39% and 69%, respectively. Wheat sales were at a marketing-year low.
Soybeans extended their recent corrective gains during the overnight session, while wheat traded lower and corn favored the downside in two-sided trade.
Basis slipped a little for corn, soybeans and SRW wheat as cash prices firmed.