First Thing Today
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.
Global supply concerns amid the ongoing war between Russia and Ukraine fueled active followthrough buying in grain and soy markets overnight, led by winter wheat.
Bulls controlled overnight trade in the grain and soy complex amid global supply concerns as Russia’s invasion of Ukraine is showing no signs of letting up or ending anytime soon.
Wheat futures pulled back from yesterday’s gains overnight as back-and-forth price action continued. Corn followed wheat lower, while soybeans firmed.