First Thing Today
Price action was relatively quiet overnight as traders await USDA’s crop reports later this morning.
Corn faced mild followthrough selling overnight, while soybeans traded on both sides of unchanged and wheat firmed after earlier pressure.
Corn, soybeans and wheat posted two-sided trade overnight but are mostly firmer this morning.
Wheat futures posted strong gains overnight after a major dam in Ukraine was destroyed. Corn and soybeans traded solidly higher on lower-than-expected crop condition ratings.
Relatively quiet two-sided price action was seen in the grain and soy markets during overnight trade.
Corn futures are extending losses early this morning, while beans and wheat are mixed.
Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.
Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.
Beans and wheat faced heavy pressure coming out of the holiday weekend, while corn modestly favored the downside in mixed trade.
Corn, soybean and wheat futures showed price strength overnight and are trading near their session highs early this morning.