Ahead of the Open
Soybeans led weakness overnight while corn and wheat struggled to hold onto early overnight strength.
Corn and soybeans opened higher overnight but struggled to hold onto gains, while wheat saw relative strength overnight.
Grains saw relative strength overnight as crop conditions for corn, spring wheat and winter wheat were all below expectations.
Soybeans saw relative strength overnight, wheat saw relative weakness and corn was caught in the middle.
Corn, soybeans and wheat each saw modest losses most of the overnight session though selling efforts accelerated in corn and beans following this morning’s posts from President Trump regarding EU tariffs.
Corn, soybeans and wheat each opened lower overnight but recouped most of the losses and are trading nearer session highs.
Soybeans broke higher, out of the recent sideways trading range overnight.
Grains led strength overnight, led by the wheat market. Soybeans lagged behind and continue to trade in a tight range.
Corn, soybeans and wheat each posted gains overnight, making up a portion of Friday’s losses.
Wheat continues to lead strength. Old-crop corn saw impressive strength this morning following higher than expected export sales.