First Thing Today
Wheat was supported by corrective buying overnight though futures are well off the highs this morning. Soybeans faced active followthrough selling, while corn was modestly lower.
Grain and soy complex futures are under solid pressure coming out of the holiday weekend, led lower by sharp losses in soyoil.
Corn and soybean futures saw active followthrough buying overnight after strong gains Thursday, while the wheat market was quiet in two-sided trade.
Corn futures mildly built on Wednesday’s gains overnight, while soybeans and wheat traded mixed.
Corn and wheat futures extended Tuesday’s losses overnight, while the soybean market traded mixed.
Soybeans rebounded some from Monday’s sharp losses, while corn and wheat traded lower overnight but held above yesterday’s lows.
Soybean futures extended last Friday’s price pressure overnight, while corn and wheat favored the upside amid two-sided trade.
Corn, soybean and winter wheat futures faced mild price pressure overnight as traders awaited USDA’s reports later this morning.
Corn and soybean futures pulled back overnight from strong gains earlier this week. Wheat also traded lower.
Soybean futures scored new contract highs amid strong followthrough buying overnight. Corn and wheat futures also firmed.