Grain futures have wheat and soybeans lower while the corn market finds technical buying interest along with concerns the corn crop is irreparable in South America.

Reminiscent of 2021, January-June in 2021, grain futures were always pummeled the day after crop report.

USDA crop reports put out a slew of price negative domestic data, but it was South American data that saved the day.

Wheat futures appear to have scored a technical bottom last week Friday, while corn and soybeans stabilize against new oncoming rains for South America.

A potential shot of rain over a week out for dry S Brazil and Argentina has corn and bean futures on retreat while wheat futures unwind against spreads.

Soybeans lead the grain recovery as they make new recovery highs from last fall's lows.

Grain futures had a rough night in the Wednesday evening session, as risk-off was the theme.

Grain futures move sharply higher, with soybeans making new post-harvest recovery highs while corn is back over $6.00.

Grain futures have a volatile session getting underway on the first trading day of the year after moving sharply higher in the Sunday night session then tumbling hard when the day session got underway.

Grain futures produce an erratic trade today with corn and soybeans stabilizing from this week's losses, while wheat continues more of the same.