Soybean futures trade mixed as corn hits new contract highs
Soybeans traded mixed, bouncing near session lows and settling near unchanged as profit taking paused a push toward the 1,300'0 level. Corn set a new contract high before giving back gains; wheat pulled back from three-year highs.
Soybean futures traded mixed as profit taking paused a rally toward the 1300'0 level, with the November contract bouncing off session lows to settle near unchanged.
Corn futures reached a new contract high before giving back gains, though the market remains supported by tight global supplies and concerns over upcoming yield data.
Wheat futures pulled back from three-year highs as traders booked profits at the end of the month, surrendering the previous session's gains.
Virginia McGathey of McGathey Commodities breaks down the latest price action, key resistance levels, and yield expectations across the agricultural complex.