First Thing Today
Soybeans rebounded from Tuesday’s losses overnight, while wheat and corn extended yesterday’s gains.
Soybeans posted double-digit losses overnight coming out of the extended weekend, while corn was slightly lower. Wheat futures posted corrective gains.
Soybeans and wheat extended Thursday’s losses overnight, while corn mildly bounced after holding support at yesterday’s lows.
Soybean futures pulled back from Wednesday’s gains overnight, while corn and wheat faced followthrough selling.
Corn, soybeans and wheat held in tight trading ranges overnight as traders await USDA’s January crop reports later this morning.
Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.
Wheat futures are trading low range this morning, while corn and soybeans are near midrange.
Wheat futures extended their sharp price drop overnight, while corn and soybeans also declined.
Soybean futures are posting double-digit losses this morning but are off their overnight lows.
Wheat futures erased most or all of Tuesday’s gains overnight, while corn and soybeans mildly favored the downside.