Grain and soybean futures are firmer to start the week with soybeans leading gains. Much of the support can be attributed to upbeat economic data out of China and improved sentiment in the euro-zone. Grains are also being supported by positive demand news. Get more details by listening to the “Monday Morning Wake Up Call.”
Pro Farmer’s Monday Morning Wake Up Call
Grains are being supported by a risk-on stance to start the week.
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A day after making new highs for the year and hitting the highest levels in three years, the soybean market saw some profit taking and consolidation. Corn and wheat resumed their rally.
Corn and soybeans saw some early profit taking pressure on Tuesday after running into chart resistance and with better than expected crop ratings.
Soybeans gapped higher Sunday night and made new highs for the move again on Monday says Mark Schultz with Northstar Commodity.
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