Ahead of the Open
Wheat continues to lead strength. Old-crop corn saw impressive strength this morning following higher than expected export sales.
Grains continue to lead weakness while soybeans see relative strength.v
Soybeans consolidated from Monday’s surge higher overnight while grains continue to show relative weakness.
Soybeans led strength overnight amid a U.S. and China 90-day pause on tariffs.
Corn and soybeans saw strength overnight, led by corrective strength in the old-crop/new-crop calendar spreads.
Soybeans led overnight strength as optimism surrounding this weekend’s talks between the U.S. and China lifted prices, while corn and wheat reluctantly followed to the upside.
Corn, soybeans and wheat each traded higher in early overnight trading on reports that the U.S. and China will be meeting to discuss trade.
Winter wheat futures led strength overnight with old-crop corn following to the upside.
Corn and wheat led weakness overnight while the downside was limited in soybeans by technical support.
Wheat futures led strength overnight with corn and soybeans following to the upside.