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Soybeans posted modest corrective gains overnight while corn and wheat pivoted near unchanged. Sellers have commanded the opens thus far this week, a break from that trend will be key.

Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.

Both the current conditions index and future expectations index rose from April.

SAF | More Deere layoffs, to move production | Crude oil prices plunge | USDA’s strategy against bird flu in dairy cattle

Corn, soybeans and wheat each saw sustained selling pressure overnight, with soybeans showing relative strength.

Corn futures showed mild followthrough selling throughout the overnight session, while soybeans and wheat have weakened this morning following two-sided trade earlier in the session.

Both crops start the growing season rated well above year-ago.

After the Bell | June 3, 2024

EPA | OPEC+ | Elections in India, Mexico | No U.S. rate cuts in 2024?