Ahead of the Open
Grain and soy futures will face pressure from corrective selling and negative outside markets.
Soybeans are expected to open higher on followthrough buying. Mixed trade is likely in corn and wheat.
Soy futures are expected to open firmer on support from an Argentine grain inspector strike at ports. Corn and SRW wheat are also expected to trade higher, while HRW and HRS wheat futures will likely face light selling.
Grain and soy markets are expected to favor the downside this morning, though corn could find some support from daily export sales to China.
Soybeans are expected to open higher, with wheat likely to face pressure. Corn will be caught in the middle but could pull support from daily export sales to China.
Wheat futures are expected to lead price gains amid HRW crop concerns and on support from outside markets.
Positioning is expected ahead of USDA’s April crop reports at 11 a.m. CT.
Wheat futures are expected to open firmer, with HRW contracts likely to lead gains amid weather concerns.
Corn and soybeans are expected to open lower on followthrough selling from pressure overnight. Weekly soybean sales were disappointing.
Corn and soybeans are expected to trade lower. Wheat futures are called firmer, though spillover pressure will limit buyer interest.