Grains were modestly higher overnight with corn and soybeans posting tepid gains, while wheat was slightly lower. The US dollar continued to fall while crude oil was trying reverse yesterday’s steep losses.
Markets seemed poised to turn to the reality of the fundamentals.
Grains head lower overnight with soybeans taking the biggest hit giving up 20 cents. In outside markets, crude oil recovered from yesterday’s losses while equity futures had a slightly weaker tone in the night session.
Corn and soybeans were higher overnight while wheat gave up some of yesterday’s impressive gains. In outside markets, crude oil continued to find support from a Kuwait oil strike while silver reached its highest mark in a year.