Observations from Day 1 of the eastern leg of Crop Tour.
Crop Tour is a fact-finding mission with a goal of getting a strong, objective view of corn yield potential from one big field across seven states.
Corn and soybeans weaker, wheat narrowly mixed this morning.
Followthrough buying in corn, soybeans and SRW wheat overnight.
Soybeans posted modest corrective gains overnight, while the corn and wheat markets faced light followthrough selling.
Corn and spring wheat futures were unable to build on Monday’s gains during the overnight session, while soybeans and wheat faced followthrough selling.
Corn and soybeans are posting mild weakness with wheat futures moderately lower. Livestock futures are narrowly mixed but generally higher to start the week...
Grains traded lower overnight ahead of USDA’s August crop reports later this morning.
Grain futures are expected to open firmer amid corrective buying.
Corn, soybeans and wheat traded higher amid corrective buying during the overnight session.

Brian Grete