Drought covers 25% of winter wheat areas, 12% for corn and 9% for soybeans.
Wheat rebounded from yesterday’s losses overnight, pulling corn and soybean futures modestly higher.
Basis weakened slightly for corn, soybeans and wheat.
Corn, soybeans and wheat rebounded from Tuesday’s losses during the overnight session, led by gains in wheat.
Corn futures extended recent gains overnight, while soybeans and wheat eased after earlier attempts at the upside.
The HRW crop improved despite a drop in the Kansas crop.
Corn, soybeans and wheat are higher to start the week. Livestock futures are also higher...
Corn and soybeans modestly pulled back from Friday’s strong gains during the overnight session, while wheat traded mixed.
Wheat futures surged amid strong followthrough buying overnight, pulling corn and soybeans higher.
USDA will provide the first look at the 2024-25 balance sheets and its initial winter wheat crop estimates.

Brian Grete