Ahead of the Open
Corn and soybeans have negated their summer rallies and are beginning to trend lower on the daily bar chart.
Corn, soybeans and wheat are each trading near recent lows with wheat leading the way lower this morning.
Corn and soybeans reluctantly followed wheat higher after hitting support levels early in the overnight session.
Wheat saw relative strength overnight.
Soybeans and wheat saw selling pressure overnight though did see an increase in buying going into the break.
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.