Grains were mixed with soybeans higher and corn lower.
Grains were mixed overnight with soybeans higher and corn lower. Wheat was nearly unchanged. In outside markets, crude oil was higher but off of its highs at $48.40 while equities and the US dollar were mostly directionless.
Grains continued to move higher overnight as soybeans led the complex following Tuesday’s surprise USDA report. Meanwhile, in outside markets the US dollar and equity futures were weaker while crude oil posted modest gains.
Grains started the week with modest gains, but had been higher in Sunday night’s session before retreating into the morning break. In outside markets, crude oil was higher as were equities and the US dollar.