USDA's June Supply & Demand Report takes on greater importance this year due to tight old-crop corn and soybean supplies.
USDA will update its old- and new-crop balance sheets, along with global production and provide the second estimate of the U.S. winter wheat crop.
Grain and soy futures supported by weather, lower-than-expected crop condition ratings.
Grain markets were supported overnight by crop condition ratings and hot, dry forecasts for northern and western production areas.
Spring wheat crop conditions are deteriorating amid drought in the Northern Plains and PNW.
The corn CCI rating is still a little above average, despite the weekly decline.
U.S. corn, soybean and spring wheat crops rated lower than expected.
Corn export inspections declined 691,290 MT from the previous week's upwardly revised tally.
