First Thing Today
Wheat futures were supported by increased geopolitical tensions between Russia and Ukraine, while soybeans and corn were pressured by South American weather.
Soybeans, corn and spring wheat pulled back from Thursday’s gains overnight, while winter wheat futures extended yesterday’s losses.
Soybean futures built on Wednesday’s strong gains overnight, while the corn and winter wheat markets faced corrective selling.
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.