Ahead of the Open
Corn and soybeans saw sharp losses overnight, continuing the string of big daily price swings.
Selling efforts surged around 6:00 a.m. CT this morning across the grain and soy complex this morning.
December corn pushed to a fresh for-the-move high while wheat saw some profit-taking following yesterday’s explosive push higher.
Buyers returned to the grain and oilseed complex overnight, pushing corn to fresh highs.
Modest losses following Monday’s strength.
Wheat saw positive price action overnight but far more subdued
Corn, soybeans and wheat saw some early selling pressure overnight before rebounding this morning
Corn, soybeans and wheat each pushed to fresh for-the-move highs overnight before turning lower on profit-taking.
Wheat led strength overnight as tensions in the Black Sea continue to rise.
Prices are consolidating near recent highs in each market as uptrends remain in place.