Grains found strength overnight with soybeans eclipsing the psychological $9 mark for the first time since December. Outside markets were mixed as the US dollar continued to come under pressure while crude oil added to its gains from Wednesday.
Crude oil was off sharply with equity futures also sinking in the overnight trade session.
Grains were mixed with corn and wheat higher in overnight trade, while soybeans were slightly weaker. Crude oil was off sharply with equity futures also sinking in overnight trade. The US dollar was higher trying to recover from last week’s sharp sell-off.
The US Dollar also firmed after yesterday's steep slide with S&P futures and crude also finding strength
Grains continued their rally overnight with soybeans leading the complex higher on a 4-cent advance reaching its highest mark since December. The US dollar also firmed after yesterday’s steep slide with S&P futures and crude oil also finding strength in early trade.
Weather continues to be an issue in the Plains wheat area as the latest models show a mostly dry bias.
Grains were modestly lower overnight following yesterday’s lackluster USDA supply and demand report. In outside markets, equity futures were higher as S&P futures took a run at the 2,000 mark again while crude oil was modestly lower, but managed to come back from steeper losses in the night...