Ahead of the Open
Soybeans lead overnight strength while corn and wheat saw action on either side of unchanged.
Corn led strength overnight as soybeans and wheat followed modestly to the upside.
Corn bulls have shown impressive resilience the past couple of days in the wake of Tuesday’s USDA Crop Production Report.
Net sales reductions for old-crop corn and soybeans were rather disappointing today as traders and analysts alike are looking for old-crop exports to end the year strong.
Soybeans are pulling corn and wheat higher.
Corn, soybeans and wheat each favored the downside in overnight trade, giving up a significant chunk of Monday’s gains.