Ahead of the Open
Wheat futures rebounded late in the overnight session, which should trigger followthrough corrective buying early this morning. Corn and soybeans are called lower.
Corn and wheat are expected to open under pressure, while soybeans are called mildly firmer this morning.
Soybeans are expected to open higher amid corrective buying, while corn and wheat could face mild followthrough selling after failing to sustain buyer interest overnight.
Grain and soy futures will face followthrough selling amid eroding technicals and no indication from export sales data that prices are ‘cheap enough.’
Grain and soy futures are expected to have a varied tone at the start of daytime trade.
Grain and soy futures are expected to favor the downside after failing to sustain corrective buying overnight.
Grain and soy futures posted two-sided trade overnight, suggesting a rather directionless start to the daytime session.
Corn and soybeans will face followthrough selling, while wheat will attempt to maintain modest corrective gains posted overnight.
Grain and soy futures will face active followthrough selling after losses overnight and disappointing weekly export sales.