Ahead of the Open
Soybeans continue to lead strength on hopes of clarity regarding China on trade.
Soybeans surged higher overnight on hopes of a trade deal with China, with details coming later this week as President Trump and Chinese President Xi meet in South Korea.
Consolidation was seen across the grain and oilseed complex overnight following big gains on Thursday.
Soybeans continue to lead strength, which will be difficult to continue without participation from corn and wheat in the next couple days.
Corn, soybeans and wheat saw strength in the latter portion of the overnight session and went into the break trading higher.
Soybeans continue to see relative strength and traded above key technical resistance overnight.
Soybeans continue to lead strength with prices hitting the highest level in four weeks early this morning.
Soybeans led strength overnight while corn follow to the upside. Wheat saw action on either side of unchanged.
Soybeans saw relative strength overnight through gains were limited by technical resistance, corn traded narrowly near unchanged and wheat saw relative weakness.
Wheat saw persistent selling pressure early this morning, seeing relative weakness compared to corn and soybeans.