Ahead of the Open
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
Corn, soybeans and wheat are each poised to work higher on a technical basis.
Soybeans led strength overnight and are trading above key resistance this morning.
Corn and wheat favored the downside overnight, continuing the tight correlation with crude oil futures.
Corn led strength overnight, following crude oil higher.
A volatile night of trade was capped with volatility spiking as rhetoric around the war in the Middle East is flip-flopping.
The grain and soy complex saw consolidation overnight.
Corn continues to lead strength with wheat and soybeans following to the upside.