First Thing Today
Price action in grain and soy futures was relatively quiet in two-sided trade overnight.
Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.
Soybeans and wheat found mild followthrough buying overnight, while buying was restricted in corn and spring wheat.
Soy complex futures strengthened overnight after initially trading lower, which supported corn. Wheat futures tried to rebound from Wednesday’s sharp losses, but buyer interest proved limited.
Selling in the wheat market overnight pulled corn lower, while soybeans were supported by strength in soymeal.
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.