First Thing Today
Warmer temperatures, more rain chances this week for Midwest
Changes are coming to the weather pattern that will produce hotter temps and high relative humidity across areas of the U.S. through next week, inducing some crop stress.
After contract lows to open the week, December corn futures are working on three straight days of corrective gains.
Corn futures pulled back from Monday’s corrective gains overnight, while soybeans and wheat extended their losses.
Corn rebounded from fresh contract lows, while soybeans bounced from a drop below $10.
Corn, soybeans and wheat traded on both sides of unchanged during the overnight session but are mildly weaker early this morning.
Corrective buying in wheat futures early this morning helped pull corn and soybeans off their overnight lows.
Corn and soybeans tried to work higher on corrective buying at points overnight but favorable weather and trade uncertainties kept buyer interest limited.
Favorable weather, trade uncertainties continue to weigh on grains.
Favorable weather triggered an active round of selling in grains to kick off trade after the holiday weekend.