Ahead of the Open
We expect price pressure seen in corn, soybeans and winter wheat to carry over to the start of daytime trade.
Corn and wheat futures are expected to be mildly firmer, while soybeans are called slightly weaker. But we anticipate two-sided, directionless price action.
Corn and wheat are expected to open under mild pressure, while soybeans are likely to be mostly weaker this morning.
The firmer tone from overnight is expected to carry over to daytime trade.
Soybeans are expected to open with a firmer tone. Corn and wheat are expected to open mixed.
The mostly firmer tone overnight is expected to carry over to daytime trade as traders await USDA’s reports later this morning.
Rather directionless trade is expected this morning as traders prepare for Wednesday’s USDA reports.
Mixed trade is expected in the grain and soy markets this morning as traders monitor the U.S./China situation and prepare for USDA’s February crop reports on Wednesday.
Grain and soy futures traded lower overnight, with late pressure from a surge in the U.S. dollar after the much stronger-than-expected January jobs data. We expect the weaker tone to continue early this morning.
Corn, soybeans and wheat are expected to open higher. Weekly sales were strong for corn, at the lower end of expectations for soybeans and poor for wheat.