Corn and Soybeans Posted Small Losses in the Overnight Session
In the outside markets, US Dollar Continues to Sink
Grains were mixed overnight with corn and soybeans posting small losses while wheat posted a modest gain. In outside markets, the US dollar continued to sink while crude oil had a modest drop after hitting fresh highs in the previous session.
Bullish Support for Soybeans?
Grains Weaker Overnight
Crude Oil continues to hit fresh highs
Grains were weaker overnight but seemed to finding some pullback heading into the morning break. Meanwhile, crude oil continues to hit fresh highs on this rally, posting a $1 a barrel gains going into the day while equity futures were sharply lower.
July Soybeans Are Ones to Watch
Soybeans Posted Tepid Gains in the Overnight
US Dollar Continues to Fall
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.
The Factors That May Be Holding Soybeans Back
Soybeans with the Biggest Loss in the Overnight
In the US, rains were prominent in IA, MN & ND over the weekend bring an inch or more of precip
Grains were lower overnight with soybeans taking the biggest loss. In outside markets, crude oil and equity futures were also lower in overnight trade.
Current Trading Options for Soybeans
Grains Head Lower in the Overnight
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.