Corn & soybeans trimmed Sunday night losses & wheat turned higher on Monday as traders took their cues from outside markets ahead of Tuesday's elections.
Corn & soybean pared overnight gains & wheat reversed to losses on Friday as traders positioned for Tuesday's election & the end of the month.
Grains have faded during the noon hour, but remain above their overnight lows. Strong weekly export sales of corn, soybeans & wheat helped soften concerns about renewed COVID-19 demand losses.
Grains are tumbling on Wednesday, caught in the downdraft of a global financial market sell-off as traders try to protect some of the profits made during the 8-week grain rally.
Grains are slightly lower as Tuesday's trading session heads towards conclusion. Monday's Weekly Crop Progress data confirmed that harvest progress is ahead of normal, but that southern Plains winter wheat needed rain.
Corn trimmed losses, soybeans reversed higher, but wheat has extended overnight losses during Monday's regular trading session. Rain in the US Plains & Russia has pressured wheat, & already hefty ownership by speculators has limited corn & bean recovery today.
Corn & beans were higher, but wheat turned lower as Wednesday's regular trading session evolved. Regional basis levels continue to firm as barge freight declines, harvest slows & Gulf demand remains very strong.
Grains have rebounded on Monday morning from early session weakness as export optimism was renewed by strong weekly corn & soybean export inspections.
Corn reversed overnight losses, soybeans extended their gains & wheat remained lower in early trading on Wednesday. Dry weather & Chinese demand remain major supporting factors today.
Corn & soybeans were hit with speculative long liquidation on Monday, but wheat held its ground as Russia remains dry & Ukraine crop yield projections continue to decline. Grains attempted recovery on Monday night.