Ahead of the Open
Lack of concrete ag trade details from China summit stirs disappointment
Grain markets faced heavy selling this morning.
The grain and soy markets saw relatively tight ranges overnight considering the big moves following USDA’s Tuesday reports.
Grains continue to lead strength, rebounding from last week’s losses.
Waning hope for peace led to strength in corn, soybeans and wheat overnight.
Selling efforts halted across the grain and soy complex with each bouncing from technical support.
Corn, soybeans and wheat continue to fall under selling pressure and went into the break near session lows
Weakness persisted across the grain and oilseed complex overnight as peace talks in the Middle East have funds exiting the market.
Profit-taking was seen across the grain and soy complex overnight with each market hitting fresh highs before reversing lower