News
Corn and wheat futures seen slightly firmer, soybeans lower ahead of tomorrow’s USDA reports.
Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.
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Soybean futures tumble on profit-taking, improved rain prospects for Brazil, corn also lower, winter wheat higher.
USDA’s January crop reports tend to swiftly move markets since there’s so much data.
Corn, soybeans and wheat are under pressure after trading lower overnight. Livestock futures also open the week under pressure.
Soybeans under pressure after last week’s rally to seven-month highs, corn and wheat also lower.
Wheat futures are trading low range this morning, while corn and soybeans are near midrange.
Aside from wheat, chart trends for grain and soy complex futures remain bullish.