Ahead of the Open
Corn and soybeans gave up early corrective gains overnight, though wheat holds onto marginal gains. Weak export sales across the board helped spur selling pressure this morning.
Wheat showed relative strength overnight while soybeans led weakness, leaving corn caught between the two.
Soybeans continue to lead the grain and soy markets, driving prices lower overnight.
Soybeans continued Friday’s strength overnight, leading corn and wheat to corrective gains as well.
Corn and soybeans saw corrective buying most of the overnight session, though sellers resurfaced into the break. Wheat futures continue to fall under heavy selling pressure.
Selling persisted throughout the grain market overnight as corn, soybeans and wheat continue to trade on recent lows. Persistent impressive sales and falling projected acres did little to boost corn prices.
Grain and soy markets are expected to open under solid pressure this morning after weak trade overnight.
Corn futures saw modest corrective gains overnight, soybeans pivoted near unchanged and wheat reversed Monday’s gains.
Corn and soybeans saw corrective gains overnight though saw increased selling into the break. Wheat favored the downside, though went into the break near unchanged.
Soybeans continue to lead weakness, giving up all of Thursday’s gains overnight, while corn followed to the downside. Wheat futures saw modest corrective gains overnight.