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Soybeans are expected to open higher amid corrective buying, while corn and wheat could face mild followthrough selling after failing to sustain buyer interest overnight.

Soybean futures traded higher overnight, while corn and SRW wheat failed to sustain earlier corrective buying.

After the Bell | April 27, 2023

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Grain and soy futures will face followthrough selling amid eroding technicals and no indication from export sales data that prices are ‘cheap enough.’

Weekly corn, soybean and wheat sales were all within their respective ranges for week ended April 20. While cotton and pork sales were each up noticeably from the previous week and the four-week average.

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Early corrective buying dried up overnight and grain/soy futures are trading lower and on session lows this morning.