Ahead of the Open
Grain, soy complex futures expected firmer amid uncertainty ahead of USDA Supply & Demand report.
Corn, wheat futures lower, soybeans firmer as trade awaits USDA Supply & Demand update.
Grain, soybean futures expected lower in profit-taking correction after two days of gains.
Winter wheat futures surge higher on unexpectedly poor crop condition ratings; corn and beans firme
Grain, soybean futures expected to open stronger amid ongoing concern over Ukraine disruptions.
Wheat futures traded sharply higher overnight, while soybeans were slightly lower and corn was mixed. Similar trade is expected on the open this morning. Cattle and hogs are called weaker amid followthrough selling.
Quiet trade expected ahead of USDA’s reports at 11 a.m. CT. Hog futures will be supported by Wednesday’s bullish Hogs & Pigs Report.
Grain and soy futures finished higher and high-range overnight as outside market pressure from Tuesday eased. Cattle and hogs also expected to open higher.
Followthrough pressure from heavy selling in grain and soy futures late in the overnight session amid renewed hopes of Russia/Ukraine peace talks. Livestock markets expected to open lower, too.
Grain and soy futures will face heavy pressure this morning. Cattle futures are also expected to trade lower, while hogs may see followthrough strength on the open.