First Thing Today
Corn, soybean and wheat futures firmed overnight amid corrective buying as outside markets provided support.
Corn and wheat futures faced followthrough selling overnight, while soybeans gave back more than they gained on Wednesday.
Wheat futures led a sharp drop in prices early this morning as news of Russia resuming its participation in the Black Sea grain export initiative hit markets.
Soybeans built on Monday’s gains during overnight trade, while the corn and wheat markets pulled back amid corrective selling.
Wheat futures led strong overnight price gains in reaction to Russia’s temporary suspension of the Ukraine grain export deal over the weekend.
Grain and soy complex futures were pressured overnight by outside markets and concerns about demand.
Wheat futures built on Wednesday’s gains overnight amid global supply worries, while the corn and soybean markets followed to the upside.
Corn and soybean futures found followthrough buying overnight while wheat futures rebounded as markets were supported by the recent sharp pullback in the U.S. dollar.
Corn and wheat traded lower overnight on followthrough selling, while soybeans faced two-sided trade.
Grain and soy futures faced pressure from weak outside markets overnight.