All three crops are rated well above year-ago at this time.
Corn, soybeans and wheat posted moderate to sharp losses during the overnight session.
No overnight grain trade. Grain and livestock markets resume trading at 8:30 a.m. CT.
Soybeans firmer, wheat mixed and corn firmer early this morning.
Basis for soybeans rolled to August, while it rolled to September for corn and wheat.
Corn, soybeans and wheat posted mild corrective gains overnight amid light short-covering ahead of USDA’s reports later this morning.
June 1 hog herd expanded 1.3% from year-ago, with the market hog inventory up 1.7%.
Soybeans and wheat are expected to open firmer, corn mixed.
While the acreage estimates will draw a lot of attention, quarterly stocks data has a history of producing major surprises, especially for corn.
Corn, soybeans and wheat held in tight ranges during the overnight session that saw two-sided trade.

Brian Grete