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Soybeans posted corrective gains overnight, wheat posted modest losses and corn was caught in the middle.

Soybean futures posted corrective gains overnight, while the corn and wheat markets favored the downside in light trade.

After the Bell | February 29, 2024

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Soybeans led the grain and soy markets lower overnight as May soybeans trade fresh contract lows. Export sales rebounded for corn and wheat but remain abysmal for soybeans, according to this morning’s report.

Weekly cotton sales during the week ended Feb. 22 were down 69% from the previous week and 83% from the four-week average. Meanwhile, corn, soybean and wheat sales each rose week-over-week.

Corn and soybeans favored the downside and are near session lows this morning, while wheat is mostly weaker.