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Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.
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Corn, soybeans and wheat each saw corrective buying overnight, though each faded into the break. Soybeans continue to show relative strength, despite mixed outside markets.
Corn and soybean futures firmed amid light corrective buying overnight. Wheat traded on both sides of unchanged overnight.
After the Bell | September 26, 2023 “Risk off” trade limited upside in the grain/soy complexes ahead of a potential government shutdown and persisting strength in the U.S. dollar.
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Soybeans and wheat saw gains into the break but are well off overnight highs, corn saw slight losses most of the night after condition data came in better than expected.