First Thing Today
Corn and wheat futures were supported by followthrough buying overnight after strong gains on Tuesday, while the soybean market extended yesterday’s declines.
Corn, soybean and wheat futures recouped a portion of Monday’s sharp price losses during the overnight session.
Soybeans led overnight price declines amid improved weather in Argentina, while corn and wheat followed to the downside.
Corn and winter wheat futures extended losses from the two previous days overnight, while soybeans turned mixed this morning after facing pressure earlier in the session.
Corn, soybean and wheat futures showed mild followthrough selling during most of the overnight session, but price action has turned narrowly mixed early this morning.
Corn, soybean and wheat futures built on their strong finishes Tuesday during the overnight session.
Grain markets traded solidly lower overnight, with wheat and soybeans leading price declines.
Corn, soybean and wheat futures extended Thursday’s USDA report-driven gains overnight but buyer interest is fading this morning.
Grain and soybean futures firmed overnight amid followthrough buying as traders awaited USDA’s January crop reports later this morning.
Corn and soybeans firmed after initially trading lower overnight, while wheat futures favored the downside in two-sided price action.