Ahead of the Open
Prices are consolidating near recent highs in each market as uptrends remain in place.
Corn led strength overnight, gapping higher amid a lack of rain in the forecast as the bulk of the crop heads into pollination over the next couple weeks.
Wheat continues to lead strength with corn and soybeans following to the upside.
Weather in focus as traders await Friday’s July WASDE report
Soybeans and wheat saw an extension of recent gains overnight.
Corn, soybeans and wheat saw an extension of yesterday’s strength but did see some profit-taking going into the break.
Weather and reports of beneficial trade talks with China spurred gains.
Soybeans take a turn leading the way higher.
Corn, soybeans and wheat each saw an impressive push higher this morning, pushing prices into the upper end of yesterday’s range