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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.

Cash corn, soybean and wheat prices rise.

cash corn and soybeans prices surged over the past week.

The biomass-based diesel requirements are well below the increase sought by producers, which put heavy pressure on the soyoil market.