Ahead of the Open
Rising oil futures offered support to grains
Meal prices surged higher overnight, supporting soybeans and extending the recent rally.
The grain and soy complex favored a risk-on tone overnight, making up a portion of Wednesday’s losses.
Wheat led weakness overnight with corn following to the downside.
The grain and soy complex traded in a tight range overnight, straying little from unchanged
Grains fell under modest pressure overnight while beans continue in a tight range.
Soybeans saw modest strength overnight and continue to trade in the recent sideways range.
Grains favored the downside overnight, giving up most of the gains seen on Tuesday following USDA reports.
Corn continues to lead weakness as funds cover positions ahead of today’s USDA reports.
Grains continue to lead weakness with both corn and wheat falling under pressure this morning