First Thing Today
Wheat futures led a price surge in the grain and soy markets overnight as escalating war concerns sparked supply concerns from the Black Sea region.
Corn, soybean and wheat futures regained a portion of Thursday’s losses amid corrective buying overnight.
Corn, soybean and winter wheat futures traded lower overnight as outside markets provided price pressure.
Corn and soybean futures pulled back from gains earlier this week, while wheat futures extended this week’s declines.
Soybeans and wheat are pulling support from outside markets, while corn is mildly favoring the downside.
Corn and wheat futures traded solidly higher overnight, while soybeans favored the upside in two-sided trade.
Wheat futures were supported overnight by Black Sea supply concerns as Russia was set to annex four regions of Ukraine. Corn and soybeans followed wheat higher.
Wheat futures firmed overnight, while soybeans faced mild selling pressure and corn was caught in the middle.
Corrective buying was seen in the grain and soy complex overnight as the U.S. dollar pulled back and crude oil firmed.
Outside markets and global economic concerns weighed on grain and soy markets overnight.