First Thing Today
Corn, soybean and spring wheat futures firmed amid followthrough buying overnight, while the winter wheat markets posted corrective gains.
Soybeans posted strong gains overnight, while corn and wheat followed to the upside. As
Wheat futures posted sharp losses during overnight trade, while corn and soybeans also traded lower.
Two-sided trade was seen in grain markets overnight, but prices have turned firmer with the exception of SRW wheat.
Forecasts call for multiple rain chances for the Plains and Midwest into mid-July, with central and southern areas expected to be the wettest.
Soybean futures aggressively extended Friday’s price rally during overnight trade. Corn followed to the upside, while wheat traded mixed.
Corn, soybean and wheat futures firmed amid corrective buying during the overnight session as traders await USDA’s reports later this morning.
Corn, soybeans and wheat posted two-sided trade overnight as markets calmed from recent volatile price action.
Soybeans, wheat and new-crop corn futures faced followthrough selling overnight, while July corn futures pivoted around unchanged.
Despite sharper-than-expected declines in corn and soybean crop condition ratings, those markets traded sharply lower overnight amid forecasts for improved rain chances. Wheat also traded sharply lower overnight.