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Grains faced followthrough selling early in the overnight session, but markets are higher this morning amid corrective buying, led by wheat.
Grain and soy futures are under hefty price pressure this morning. Cattle futures are higher with lean hogs under light pressure.
Corn, soybean, wheat futures expected lower as first grain shipment out of Ukraine boosts supply hopes.
Short-term trend turns up for soybeans, soymeal, live cattle and lean hogs.
Corn and wheat futures were pressured overnight by news the first ship carrying Ukrainian grain left the port of Odesa.
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Soybean futures post largest weekly gain in 23 years, corn also firmer, on concern over Midwest heat; wheat posts weekly gain.
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