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Soybean futures posted another round of contract highs overnight, with the front-month contract reaching the highest level since June 2021 on the continuation chart. Corn and wheat followed soybeans higher.
Old-crop soybean futures led price gains across the grain and soy complex and posted new contract highs overnight.
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Soybean futures post contract high amid export strength, wheat futures extend declines, corn also lower.
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Wheat, corn export sales above market expectations
Soybean futures pulled back early in overnight trade but have rebounded to post new contract highs this morning. Overnight price action was light and choppy in corn and wheat.
Corn basis firmed a penny over the past week as futures rose.