First Thing Today
Corn and wheat futures posted solid corrective gains overnight, while soybeans built on Thursday’s modest gains.
Grain and soybean futures traded both sides of unchanged overnight, with corn weaker while soybeans and wheat are firmer this morning.
Wheat futures surged overnight amid news Russia is rethinking the Ukraine grain export deal. Corn and soybeans followed wheat to the upside.
Corn, soybean and wheat futures are trading near session lows this morning amid a varied price tone coming out of the extended holiday weekend.
Corn, soybeans and wheat bounced back from recent losses in a round of corrective buying overnight that was triggered by outside markets.
Corn and soybeans faced followthrough selling overnight while wheat retreated from Wednesday’s gains amid pressure from outside markets and building global recessionary concerns.
Corn, soybean and wheat futures built on Tuesday’s losses during overnight trade.
Corn and wheat futures pulled back from Monday’s gains overnight, while the soybean market faced followthrough selling.
Corn futures extended last week’s gains overnight, while soybeans and wheat traded lower.
Crop Tour estimates Iowa corn yield, soybean pod counts below last year’s levels; Minnesota corn yield higher.