Ahead of the Open
Corn, soybeans and wheat each posted solid gains overnight alongside most risk assets.
Volatility continues to run rampant across the marketplace, dictating much of the price action in the grain and soy markets.
Grains showed some strength early in the overnight session but reports of China increasing tariffs on U.S. goods sent the grain and oilseed markets spiraling lower alongside most U.S. assets this morning.
Corn, soybeans and wheat each gapped lower on last night’s open as tariffs proved to be more restrictive than expected.
Corn, soybeans and SRW wheat each favored the downside in overnight trade.
Corn led strength overnight as corn and wheat both extended Monday’s report driven gains. Soybeans followed to the upside.
Soybeans saw modest strength overnight while corn and SRW wheat traded near unchanged.
Wheat led weakness overnight with corn and soybeans following to the downside.
Soybeans led strength overnight with corn and wheat following modestly to the upside.
Corn, soybeans and wheat each saw muted price action overnight but each saw an increase in buying interest going into the break.