# First Thing Today | Grains weaker overnight but are now technically oversold - Pro Farmer

> Grain futures were weaker overnight, with July corn down 2 cents, July soybeans off 4 cents and SRW wheat at a five-week low. Favorable early-season U.S. weather is bearish, though corn and winter wheat are technically oversold. Crude oil traded near $91 a barrel amid Iran peace talk developments.

- Date: 2026-06-02 · published 2026-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10700-first-thing-today-grains-weaker-overnight-but-are-now-technically-oversold-pro
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Benign crop weather and fund liquidation are keeping grain prices under pressure, though oversold signals could limit further downside.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- profarmer.com: https://www.profarmer.com/news/first-thing-today/first-thing-today-grains-weaker-overnight-are-now-technically-oversold

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.