Ahead of the Open
Corn, soybeans and wheat are consolidating in recent ranges, not far off for-the-move lows.
Corn bulls need a close above $4.25 to negate a potential bear-flag on the daily bar chart.
Grains favored the upside overnight but continue to trade near recent lows.
Corrective bounces in outside markets did little to support the ag complex.
Corn hit a contract low overnight while soybeans and wheat saw modest corrective buying.
July corn futures slid to a contract low overnight.
Corn, soybeans and wheat each hit a fresh for-the-move low overnight.
Corn, soybeans and wheat each favored the downside in overnight trade with wheat leading weakness.
Soybeans led strength overnight while wheat reluctantly followed to the upside.
Soybeans saw relative strength overnight while grains fell under pressure.