Ahead of the Open
Trade has remained relatively quiet ahead of this morning’s production and supply & demand reports from USDA.
Soybeans led strength overnight while wheat led weakness, falling to fresh contract lows.
Corn, soybeans and wheat each have favored a sideways tone much of this week ahead of key USDA reports due out Friday.
Corn, soybeans and wheat each favored the downside overnight though selling pressure was rather limited.
Wheat led strength overnight with soybeans following modestly to the upside.
Wheat continues to lead to the downside, an anchor for both corn and soybeans.
Disease pressure finally weighs on corn ratings.
Markets were spooked overnight amid heavy selling in equity futures regarding uncertainty on tariffs.
Corn led strength overnight while soybeans continue to consolidate following the recent leg higher.
Export demand picking up for new-crop beans