Ahead of the Open
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.
Soybeans saw strength to start the overnight session but have since faded lower.
Corn and soybeans favored the upside overnight, which wheat saw profit-taking following Wednesday’s big push higher.
Wheat saw relative strength, soybeans consolidated near recent highs and corn saw moderate weakness overnight.
Winter wheat saw relative strength overnight which helped pull new-crop corn futures higher.
Grains saw relative weakness overnight while soybeans were supported by robust followthrough gains in soyoil following Friday’s limit higher close.