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.
Cash cattle prices surge to a record high last week.
Soybeans led a round of corrective gains in grain and soy futures during the overnight session.
Frozen meat stocks data suggests demand didn’t keep pace with supplies during May.
Corn, soybeans and wheat traded higher at points overnight but have adopted a mostly weaker tone this morning.
Corn, Soybeans and wheat futures open the week under pressure. Livestock futures are mostly lower...
Soybeans mildly firmed overnight, while corn and wheat failed to stray far from unchanged in two-sided trade.
Data wasn’t negative enough to have much market impact.
Corn, soybeans and wheat posted mild corrective gains overnight, recouping a small portion of Thursday’s sharp losses.

Brian Grete