News
The grain and oilseed markets shook off extensive selling pressure in equity futures overnight, each posting gains in the overnight session.
Weekly wheat inspections led the decline, dropping 166,621 MT during the week ended April 4, followed by corn (down 64,079 MT) and soybeans (down 8,799 MT).
Soybeans, livestock and equities markets hit hardest by trade concerns.
Seller interest is limited for grains and oilseeds with wheat futures working slightly higher. Livestock markets are lower with markets subject to expanded trading limits today...
Volatility continues to run rampant across the marketplace, dictating much of the price action in the grain and soy markets.
Price trends for many ag and outside markets are now bearish.
Corn futures favored the downside overnight, while soybeans have firmed this morning and wheat is narrowly mixed.
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Corn posted modest gains while much of the agricultural complex saw heavy selling.