Ahead of the Open
Modest losses following Monday’s strength.
Wheat saw positive price action overnight but far more subdued
Corn, soybeans and wheat saw some early selling pressure overnight before rebounding this morning
Corn, soybeans and wheat each pushed to fresh for-the-move highs overnight before turning lower on profit-taking.
Wheat led strength overnight as tensions in the Black Sea continue to rise.
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.