Corn & beans opened higher in post-holiday trading, but soybeans quickly led corn lower. Wheat was higher on Monday night on prospects that Russia will soon be out of the export market.
Grains reverse from 6- & 7-years highs overnight to close with low-range gains in corn & low-range losses in beans & wheat in Wednesday's post-report trading. Weekend weather in South America will figure in what direction prices move next.
Grains opened solidly higher on Sunday night, continuing the gains seen on the last week of 2020. Dry weather in South America & still solid demand continue attract buyers.
Grains rebound from overnight weakness to post new contract highs, surging to levels last seen in 2014 on Wednesday. Corn & beans were lifted by dry weather forecasts for much of South America & reports that Argentina had suspended new-crop corn export licenses that would ship before March 1.
Soybean & wheat reverse to losses on year-end profit-taking, but corn post 11th straight daily gain after weekly corn export inspections top trade expectations.
Corn & beans again rallied to settled at multi-year highs, but wheat eased on Thursday after retesting the 9-week peak it set on Wednesday.
Corn & soybeans rebound from overnight losses to set new contract highs on Monday, & wheat reverses sharpl losses to small gains in volatile, pre-holiday trading.
Grains rebound to sharp gains after USDA's weekly export sales data exceeded trade expectations.
Corn & beans trimmed overnight gains & wheat turned lower during Wedneday's regular trading session. South American weather uncertainty was supportive, but weekly ethanol data was disappointing this morning. Federal Reserve policy makers made no changes to interest rates or monetary strategy today.
Corn & soybeans reverse overnight losses to close higher on demand expectations & wheat rebounds as the dollar continues to weaken.