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Strong gains in wheat led to modest gains in corn overnight, while soybeans continue to see relative weakness. Each saw an increase in buying activity into the break.

Short-term trend turns bearish for corn, soybeans and soymeal.

Wheat futures recouped some of last week’s losses during the overnight session, while corn and soybeans extended their recent declines.

Congress returns | Employment report | Farmers cut costs | Interest rates | Acreage changes

Dick Crowder | Israel ceasefire proposal | House farm bill | FY 2025 appropriations | Manchin | 45Z registration

After the Bell | May 31, 2024

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Wheat rally | U.S. cotton to China | Proposed rule on poultry payment systems | Bird flu

Corn, soybeans and wheat each posted corrective gains overnight on light volume. Key will be if buyers can maintain gains after the open, which has brought selling pressure all week.