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Corn and wheat futures open the week higher with soybeans under pressure. Cattle futures are lower with lean hog futures mixed.....
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Grain and soy markets are expected to see light corrective buying.
Corn, soybean and wheat futures posted mild gains amid corrective buying in light overnight trade.
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Above-normal October rainfall would hamper corn and soybean harvest, but benefit winter wheat.
Grain markets were not immune to broad market selling pressure overnight, with corn, soybeans and wheat each facing losses into the break.
Weekly soybean sales for week ended Sept. 14, were reported at 434,100 MT, short , over 100,000 MT shy of the low-end pre-report estimate, while weekly corn and wheat sales landed just above the low-end estimate.
Corn, soybeans and wheat pulled back from corrective gains earlier this week during the overnight session.