First Thing Today
Grain and soy futures pulled back from Monday’s strong gains overnight, with soybeans and soyoil facing the heaviest pressure.
Wheat futures rebounded from the poor finish last Friday by posting strong gains during the overnight session. Corn and soybeans followed to the upside.
Grain futures are expected to open with a firmer tone after gains overnight. Key will be whether overnight price strength is maintained during daytime trade.
Soybeans firmed to near their weekly highs overnight, while corn and wheat recouped some of their declines from the three previous days.
Wheat rebounded from yesterday’s losses overnight, pulling corn and soybean futures modestly higher.
Corn, soybeans and wheat rebounded from Tuesday’s losses during the overnight session, led by gains in wheat.
Corn futures extended recent gains overnight, while soybeans and wheat eased after earlier attempts at the upside.
Corn and soybeans modestly pulled back from Friday’s strong gains during the overnight session, while wheat traded mixed.
Wheat futures surged amid strong followthrough buying overnight, pulling corn and soybeans higher.
Corn, soybeans and wheat rebounded from losses the two previous days during the overnight session.