Ahead of the Open
Grains saw a solid rebound overnight that was bolstered by stronger than expected export sales this morning, which pulled soybeans higher as well.
Corn and wheat hit fresh contract lows overnight while soybeans saw relative strength.
Soybeans continue to lead strength as soymeal is leading a rebound.
Wheat led a late session rebound and was trading on session highs going into the break.
Corn found stiff technical resistance at the 10-day moving average overnight, which pushed prices off recent highs.
Corn, soybeans and wheat struggled to maintain early overnight bullish momentum and saw an increase in selling pressure going into the break this morning.
Wheat led weakness overnight while corn saw relative strength, but struggled to garner much bullish momentum.
Wheat led weakness overnight as corn and soybeans struggle to maintain early bullish momentum.
Corn opened lower overnight but have since bounced and are well off session lows.
Soybeans led weakness overnight as prices broke down out of the sideways pattern that limited price action most of this week.