Ahead of the Open
Flash sales of soybeans and meal may offer support
Position-evening continues to drive price action
Corn, soybeans and wheat each traded in tight ranges overnight, straying little from unchanged.
Wheat saw corrective strength overnight while corn and soybeans continue to slid lower.
Corn, soybeans and wheat each favored the downside in overnight trade and are giving up most of yesterday’s gain.
Corn and soybeans have negated their summer rallies and are beginning to trend lower on the daily bar chart.
Corn, soybeans and wheat are each trading near recent lows with wheat leading the way lower this morning.
Corn and soybeans reluctantly followed wheat higher after hitting support levels early in the overnight session.
Wheat saw relative strength overnight.