First Thing Today
Corn, soybean and wheat futures are mildly weaker this morning as a quietly traded overnight session winds down.
Corn, soybean and wheat futures are trading near session lows this morning, led lower by spring wheat contracts.
Wheat futures faced followthrough selling at points overnight but are firmer and trading near session highs in a modest corrective rebound this morning. Corn mildly eased, while soybeans held in their choppy range.
Two-sided trade was seen in the grain and soy markets overnight, but futures are weaker and near session lows this morning.
Corn, soybean and wheat futures traded both sides of unchanged in narrow overnight ranges.
Corn, soybean and wheat futures opened firmer overnight, but are weaker and near their session lows this morning.
Corn, soybean and wheat futures saw a round of corrective buying overnight after Tuesday’s sharp losses.
First Thing Today: Followthrough pressure overnight amid heightened risk aversion, month-end selling
Grain and soy complex futures were part of a broader selloff overnight.
HRS and HRW futures led the rebound from last Friday’s sharp losses as concerns with the new Omicrop strain of Covid eased.
Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.