Crude oil reversed course posting a nearly $1 a barrel gain and stock futures are higher.
Grains were lower overnight leading up to tomorrow’s USDA report as gains over the past two trade sessions were met with some selling pressure. In outside markets, crude oil reversed course posting a nearly $1 a barrel gain and stock futures are higher.
Grains were mixed in the overnight trade with corn slightly weaker and soybeans posting modest gains. Wheat managed to add to yesterday’s rally in the overnight session. In outside markets, crude oil sunk nearly $1 a barrel and stock futures were lower as well.
Outside markets for crude oil and stock indices were higher
Grains were mixed overnight as soybeans and corn drifted lower while wheat posted modest advances to start the week. Outside markets for crude oil and stock indices were higher while the US dollar fell modestly.
Soybeans got a big boost on Tuesday as the rally moved up to the highs set back in early December.
Grains were weaker overnight as soybeans took a dip below their highest prices since December. In outside markets, crude oil was lower while the US dollar continued to add to its winning streak, posting positive gains for the 5th day in a row.