First Thing Today
Wheat and corn futures were supported by solid followthrough buying from last week’s gains in overnight trade, while soybeans weakened.
Grain and soy complex futures held in narrow ranges in light trade overnight as traders await USDA’s April Supply & Demand Report later this morning.
Winter wheat and corn futures are under light pressure this morning, while soybeans are modestly higher.
Winter wheat futures led strong followthrough buying in the grain and soy markets overnight amid lower-than-expected U.S. crop ratings and global supply concerns.
Corn, soybean and wheat futures rebounded from last week’s losses in overnight.
Wheat futures are trading sharply higher this morning, while soybeans and the soy product markets are lower on followthorugh selling. Corn is caught in the middle.
Corn, soybean and wheat futures held in narrow ranges in quiet, two-sided trade overnight ahead of USDA’s reports later this morning.
Corn and soy complex futures posted modest corrective gains overnight. Wheat futures were weaker for most of the overnight session but have turned mixed early this morning.
Wheat and corn continued to be pressured in overnight trade. Soybeans traded higher.
Wheat futures led overnight price declines. Despite the heavy pressure, wheat and corn futures remained within their recent sideways trading ranges, while soybeans stayed within their choppy to higher range.