Ahead of the Open
Weather remains favorable, if not ideal, for crop development, while trade uncertainty also continues to hang over markets.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Corn and soybeans saw followthrough gains overnight, challenging the recent downtrends.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.
Grains led weakness overnight while soybeans saw relative strength, supported by gains in soyoil.
Corrective strength was featured across the grain and soy markets overnight.
Consolidation was featured across the grain and soy markets overnight following recent heavy selling pressure.
Persistent selling continues across the grain and soy markets, with corn leading the way lower overnight, marking a fresh contract low.
Wheat continues to lead weakness following last week’s peak, while corn and soybeans followed to the downside.