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Farm-state lawmakers begin maneuvering for new farm bill funding, provisions

Corn and soybeans will face heavy pressure from improved rainfall chances, while wheat is expected to actively follow to the downside.

Corn and soybean futures faced active followthrough selling amid forecasts calling for improved rain chances for the Corn Belt. Wheat futures actively followed to the downside.

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Grain and soy futures are expected to open lower, with the heaviest selling likely in the soy complex.

Corn, soybean and wheat futures pulled back from recent strong gains overnight, while soyoil faced heavy followthrough selling after yesterday’s limit-down performance.