Soybeans are expected to open higher, with wheat likely to face pressure. Corn will be caught in the middle but could pull support from daily export sales to China.
Grain and soy futures are expected to open with a firmer tone this morning on support from HRW crop concerns and bullish corn export demand news as there was another daily corn sale to China.
Soybeans and wheat extended Monday's gains overnight. Corn modestly pulled back but there was another daily old-crop corn export sale that could provide support during daytime trade.
Wheat and corn futures are expected to open higher after strength overnight despite negative outside markets. Soybeans are expected to trade lower after extending the sharp price drop overnight.
Soybeans are expected to open with a weaker tone after price pressure overnight. Corn and wheat may receive some support from a sharp drop in the dollar.
Corn, soybean and wheat futures are expected to open with a firmer tone this morning as markets continue to recoup sharp losses from earlier this week.
Soybeans are expected to open mildly weaker after fading late in the overnight session. Corn and wheat are called slightly firmer at the start of daytime trade.
Corn and wheat futures are expected to be mildly firmer, while soybeans are called slightly weaker. But we anticipate two-sided, directionless price action.
Mixed trade is expected in the grain and soy markets this morning as traders monitor the U.S./China situation and prepare for USDA's February crop reports on Wednesday.
Grain and soy futures traded lower overnight, with late pressure from a surge in the U.S. dollar after the much stronger-than-expected January jobs data. We expect the weaker tone to continue early this morning.
Corn, soybeans and wheat are expected to open higher. Weekly sales were strong for corn, at the lower end of expectations for soybeans and poor for wheat.
We expect followthrough selling from overnight trade to be seen in the grain and soy markets this morning. Key will be whether funds actively liquidate long positions or view the pullback as a fresh buying opportunity.