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.
The Seasonal Drought Outlook calls for drought conditions to develop from southeastern Iowa and northeastern Missouri across the northern two-thirds of Illinois and most of Indiana and Ohio through September.
Corn, soybean and wheat futures faced price pressure during overnight trade coming off Wednesday’s holiday.
Wheat basis continues to firm amid plunging cash prices.
Corn and soybean futures were supported by light corrective buying overnight, while wheat futures posted mixed trade.
All three crops remain rated well above year-ago at this time.
Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...
Soybeans and wheat posted sharp losses during the overnight session, while corn followed to the downside.

Brian Grete