Ahead of the Open
Corn and soybeans saw an impressive bounce overnight on corrective strength.
Soybeans led losses from a lack of further Chinese commitments
Corn, soybeans and wheat are breaking down on the daily bar chart, giving bears the technical advantage
Corn and wheat favored the downside overnight and are both below support, which could spur technical buyers on the open.
Corn is trading near technical support after giving up all of Monday’s gain the past couple sessions.
Grains look poised to bounce on the open.
Corn, soybeans and wheat each surged overnight and climbed nearer the upper range of the recent highs.
Soybeans continue to pull back from recent highs while grains are chopping sideways.
Soybeans are trading near recent for-the-move highs while corn and wheat continue to chop sideways with little direction.
Corn and wheat saw relative weakness overnight but did see an increase in buying going into the break.