Ahead of the Open
Grain and soybean futures are called lower this morning after price pressure during overnight trade.
Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.
Soybeans and corn are expected to be supported by Argentine crop concerns and outside markets.
Soybeans are expected to lead price gains in the grain and soy markets this morning after a strong performance overnight.
Bears tightened their grip on the grain and soy markets overnight after a disappointing finish on Monday. Lower price action is expected this morning.
Corn and wheat are expected to open lower, with soybeans likely to trade higher initially this morning.
Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.
Corn and soybeans failed to hold earlier corrective gains late in overnight trade and are expected to open lower this morning.
Soybeans are expected to trade higher on corrective buying. Corn and wheat are likely to face followthrough selling.
Grains are expected to open mixed following the extended holiday weekend as traders sort out South American weather, outside markets and China’s surging Covid cases.