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CFTC releases more data | Xi/Putin | EPA chief to testify | Stepped-up basis tax rule protection

Grain and soy complex futures are expected to open solidly lower on followthrough selling after bears controlled overnight trade.

Bears controlled price action overnight, with corn, soybean and wheat futures trading solidly lower and near their session lows this morning.

After the Bell | March 21, 2023

Xi invites Putin to visit China as two leaders sign pacts and discuss war cooperation

Corn, soybeans and wheat finished higher and near their session highs overnight, which should fuel followthrough buying this morning.

Light corrective buying has surfaced in some of the grain and soy futures early this morning after they faced pressure for much of overnight trade.

After the Bell | March 20, 2023

Corn, soybeans and wheat export inspections each topped the previous week, though soybean Inspections continue to run ahead of last year by nearly 3.0%, while corn lags by over 36.0%, with wheat behind by 1.6%.

Banking woes are pressuring grains and soy futures to start the week. Cattle futures open the week with mild gains as hog futures encounter hefty pressure.