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Short-term trend turns down for SRW wheat futures.

Grain and soybean futures are called lower this morning after price pressure during overnight trade.

Grain markets traded solidly lower overnight, with wheat and soybeans leading price declines.

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After the Bell | January 13, 2023 Corn and soybeans ended the week with impressive gains following USDA’s fresh updates on Thursday. Supportive outside markets continue to underpin gains.

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Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.

Corn, soybean and wheat futures extended Thursday’s USDA report-driven gains overnight but buyer interest is fading this morning.