First Thing Today
Grains were relatively flat overnight but soybeans continue to face pressure.
Grains saw mixed action overnight despite the overall risk on attitude of the market.
Corn and soybeans saw strong overnight gains, though wheat faced modest losses.
A combination of weather concerns and increased geopolitical uncertainty in the Black Sea region supported corn, soybeans and wheat overnight.
Grain markets traded in relatively narrow ranges overnight as soybeans modestly firmed, while corn and wheat declined.
Corn, soybeans and wheat regained a portion of Tuesday’s losses during overnight trade.
Corn and soybeans traded lower overnight after USDA raised crop condition ratings more than anticipated Monday afternoon. Wheat faced followthrough selling amid a lack of supportive news.
Soybeans recouped Friday’s losses during overnight trade. Corn and wheat failed to sustain early buyer interest overnight and are lower this morning.
Corn, soybeans and wheat traded in relatively tight ranges during the overnight session as traders awaited USDA’s August crop reports later this morning.
Soybean futures extended gains from the two previous days during overnight trade, while corn and wheat rebounded amid corrective buying.