Ahead of the Open
Corn, soybeans and wheat each saw an extension of Monday’s gains early in the overnight session.
Soybeans led strength overnight, negating much of Friday’s selling pressure.
Wheat led strength overnight, breaking out of the recent sideways trend.
Soybeans led strength overnight and pushed to a fresh 17-month high, breaking above the recent sideways range.
Wheat saw relative weakness overnight while corn and soybeans did not stray far from unchanged.
Soybeans and Kansas City wheat saw the most losses
Soybeans saw relative strength overnight as prices bounced off technical support.
The grain and soy markets saw a pullback from recent highs overnight as prices continue to consolidate following the recent run higher.
Soybeans saw relative strength overnight, led by strength in meal, though failed to break above recent highs.