First Thing Today
Corn, soybeans and wheat were supported by corrective buying overnight after heavy selling pressure earlier this week.
Corn, soybeans and wheat firmed overnight amid mild corrective buying following sharp losses the first two trading sessions of the new year.
Soybeans were supported by corrective buying overnight, while corn and wheat faced followthrough selling.
Grain and livestock markets will reopen at 8:30 a.m. CT following the extended holiday weekend. Outside markets were price-negative, with crude oil weaker and the U.S. dollar sharply higher overnight.
Soybean futures continued their price surge overnight with front-month futures reaching their highest level on the continuation chart since Sept. 13. Corn and wheat traded in narrow ranges on either side of unchanged.
Concerns with surging Covid cases in China triggered risk aversion in markets overnight, including grain and soy futures.
Soybeans built on Tuesday’s gains overnight but failed to get near yesterday’s highs. Corn and wheat futures held in tight trading ranges in thin trade.
Corn, soybeans and wheat firmed after trading lower early in the overnight and are near their highs this morning.
Corn, soybean and wheat futures held in tight ranges in a lightly traded overnight session.
Corn, soybeans and wheat opened lower overnight but firmed through the session and are higher this morning.