Both the current conditions index and future expectations index rose from April.
Corn futures showed mild followthrough selling throughout the overnight session, while soybeans and wheat have weakened this morning following two-sided trade earlier in the session.
Both crops start the growing season rated well above year-ago.
Wheat futures are higher with corn and soybean futures under pressure to start the week. Cattle and hog futures are mildly favoring the upside...
Wheat futures recouped some of last week’s losses during the overnight session, while corn and soybeans extended their recent declines.
Corn, soybeans and wheat recouped some of the losses from earlier this week during the overnight session.
USDA estimated drought covered 5% of corn production areas and 3% for soybeans as of May 28.
Wheat futures faced active followthrough selling overnight, while corn and soybeans favored the downside in two-sided trade.
Basis firmed for corn and soybeans as cash prices dropped.
Corn, soybeans and the winter wheat markets mildly favored the downside overnight.

Brian Grete