The corn CCI rating has dropped for five straight weeks.
Soybeans are leading a round of broad-based selling to start the week. Cattle futures are lower with lean hogs under pressure...
Soybeans led a round of heavy, broad-based selling across the grain and soy markets overnight amid favorable weather, along with heightened Chinese tensions and economic concerns.
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The initial corn crop estimate came in slightly lower than anticipated.
After two-sided trade earlier overnight, a weaker tone has developed in the grain and soy markets this morning, led lower by wheat.
Diesel prices continue to ease, though they remain well above year-ago.
Drought conditions improved across the northern and eastern Corn Belt over the past week, while they worsened in western and southern areas.
Soybeans have posted net sales reductions for 2021-22 for six of the past seven weeks.
Two-sided trade was seen in a relatively quiet overnight session, but corn, soybeans and wheat are firmer and near their session highs this morning.

Brian Grete