Latest News From First Thing Today

The wheat market faced profit-taking and corrective selling overnight following strong gains the first two days this week. Corn was pulled slightly lower by wheat, while soybeans favored the upside in two-sided trade.

Wheat futures found followthrough buying overnight amid heightened tensions with Russia and deteriorating U.S. winter wheat conditions, while the corn and soybean markets favored the downside in light, two-sided trade.

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.

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.

Soybean futures built on Monday’s gains overnight, while corn and wheat mildly rebounded from yesterday’s losses.

The first trading session of the new year started with a bang as soy futures led overnight gains in the grain and soy complex.

Corn, soybeans and wheat traded both side of unchanged in light price action to kick off the last trading day of the year.

Soybeans and corn are trading lower and near session lows this morning, while wheat futures are mostly weaker.

Corn, soybean and wheat futures are trading near session lows this morning as markets extend Tuesday’s weaker (and low-range) closes.

March soybean futures reached the highest level overnight since mid-July, as the strong rally was extended.

Corn, soybean and wheat futures extended their recent rallies overnight as traders returned from the extended Christmas holiday weekend.

Grain and soy futures posted light, two-sided trade overnight in thin pre-holiday price action.

Soybean futures extended Tuesday’s strong rally overnight, while old-crop corn futures finally topped the $6 level after nearly two months of trying to get above that psychological mark.

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.

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.

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.

Grain and soy markets are trading higher and high-range this morning, led by HRW wheat contracts.

U.S. will release 50 million barrels of oil in a coordinated effort along with releases from strategic reserves by China, India, South Korea, Japan and Great Britain.

Winter wheat futures surged to new contract highs overnight, while spring wheat sharply rebounded from last week’s losses amid tight global supplies of high-quality wheat.

Grain and soy complex futures traded both sides of unchanged overnight but have softened to a weaker tone and session lows this morning amid a rise in Covid concerns.

Wheat futures led gains, pushing above yesterday’s highs, while corn and soybean futures did not clear Tuesday’s highs.

Soybeans led the overnight price rebound from Tuesday's losses.

Nearby soymeal futures are mildly firmer this morning but failed to push above Monday’s highs overnight.

The strength in soymeal failed to trigger overnight buying in soybean or corn futures.

Two-sided price action was seen in corn and wheat futures overnight, while soybeans were firmer for much of the session, but all three are weaker this morning.

Government offices are closed for the federal Veterans Day holiday. Markets are open.

Corn futures extended their gains but failed to clear yesterday’s highs. Wheat futures were mostly firmer overnight