First Thing Today
Grain and soy futures faced pressure from weak outside markets overnight.
Corn, soybean and wheat futures retreated from Thursday’s gains overnight amid renewed hopes for a Ukrainian grain export extension and pressure from outside markets.
Supportive outside markets helped fuel a corrective rebound in grain and soy futures overnight.
Soybean futures extended Tuesday’s losses overnight, while corn traded lower for a fourth straight day. Wheat futures rebounded from Tuesday’s losses.
Corn, soybean and wheat futures faced solid selling pressure overnight and are near their session lows this morning.
Wheat futures traded higher to open the week amid global supply concerns, while soybeans softened and corn was caught in the middle.
Markets reversed their price trends from Thursday in overnight trade, as corn and wheat pulled back while soybeans firmed.
Soybean futures pulled back overnight from their strong gains Wednesday, while wheat traded mildly higher after yesterday’s losses. Corn posted two-sided trade.
Corn, soybean and wheat futures faced mild selling pressure in relatively light overnight trade ahead of USDA’s October crop reports later this morning.
Corn, soybeans and wheat pulled back from Monday’s gains amid corrective selling and weakness in the crude oil market.