Drought continues to hammer the U.S. spring wheat crop, while corn and soybean ratings slipped.

After the Bell | July 26, 2021 Corn, soybeans end higher amid slightly reduced rainfall outlook for Midwest, wheat lower as winter harvest moves along.

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Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.

Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.