Ahead of the Open
Corn and soybeans saw strength overnight, led by corrective strength in the old-crop/new-crop calendar spreads.
Soybeans led overnight strength as optimism surrounding this weekend’s talks between the U.S. and China lifted prices, while corn and wheat reluctantly followed to the upside.
Corn, soybeans and wheat each traded higher in early overnight trading on reports that the U.S. and China will be meeting to discuss trade.
Winter wheat futures led strength overnight with old-crop corn following to the upside.
Corn and wheat led weakness overnight while the downside was limited in soybeans by technical support.
Wheat futures led strength overnight with corn and soybeans following to the upside.
Corn led strength overnight while wheat and soybeans saw action on either side of unchanged.
Soybeans favored the downside overnight while corn and soybeans saw action on either side of unchanged.
Wheat saw corrective strength, soybeans saw modest selling within the recent sideways range and corn was caught in the middle during the overnight session.
Wheat led weakness overnight as July futures nearly tagged the contract low, while corn and soybeans followed to the downside.