Ahead of the Open
Unease with the global economy tied to the banking sector will weigh on grain and soy futures.
Grain and soy futures are expected to open higher. There was another daily corn sale to China.
Corn should be supported by strong weekly export sales and another daily sale to China.
Corn and wheat are expected to open with a mildly firmer tone, though outside markets are price-negative. Soybeans are called lower.
Grain and soy futures are expected to open lower after pressure during overnight trade. Corn could get a boost from daily export sales to China.
Grain and soy markets are expected to open under pressure amid broader risk aversion.
Soybeans are expected to open with a weaker tone after price pressure overnight. Corn and wheat may receive some support from a sharp drop in the dollar.
Light price action is likely this morning as traders await USDA’s Supply & Demand Report.
Corn and soybeans are expected to open under light pressure, while wheat is anticipated to be mixed.
Grain and soybean futures are expected to open under pressure, with wheat the downside price leader.