Ahead of the Open
Heightening tensions in the Middle East grabbed the attention of the marketplace overnight.
Corn, soybeans and wheat each favored the downside in overnight trade with selling pressure increasing going into the break.
Concerns over crop conditions driving the move
Corn futures led strength overnight while soybeans saw some late session buying following a social media post from President Trump.
Soymeal offering support with strong gains
Rising oil futures offered support to grains
Meal prices surged higher overnight, supporting soybeans and extending the recent rally.
The grain and soy complex favored a risk-on tone overnight, making up a portion of Wednesday’s losses.
Wheat led weakness overnight with corn following to the downside.
The grain and soy complex traded in a tight range overnight, straying little from unchanged