Concerns with the commodity price outlook and interest rates weakened farmer sentiment.
Corn and soybeans are expected to trade lower. Wheat futures are called firmer, though spillover pressure will limit buyer interest.
Wheat futures were supported overnight by the bigger-than-expected decline in crop condition ratings, while corn and soybeans faced mild selling pressure.
The HRW CCI rating is well below last fall and year-ago. The SRW rating is above both last fall and last year.
Corn soybean and wheat futures are higher to start the month. Cattle futures are mixed with lean hogs under pressure...
Corn, soybeans and wheat are expected to open higher after strong gains overnight amid support from surging crude oil futures.
Corn, soybeans and wheat posted active followthrough buying overnight on help from surging crude oil futures.
Soybean planting intentions and March 1 stocks came in lower than expected.
Quiet trade is expected ahead of USDA’s Prospective Plantings and Quarterly Grain Stocks Reports at 11 a.m. CT.
Price action was relatively quiet in the grain and soy markets overnight as traders await key USDA report data later this morning.

Brian Grete