First Thing Today
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.
Grain and soybean futures mildly extended Thursday’s losses in relatively quiet overnight trade.
Grain and soy markets faced price pressure overnight and are trading near session lows this morning.
Corn, soybean and wheat futures held within Tuesday’s price ranges overnight in relatively quiet trade that has markets trading higher and near session highs this morning.