Agriculture News
All three crops are rated well above year-ago at this time.
Weekly corn inspections rose 193,000 MT from the previous week, while wheat inspections rose modestly. Soybean inspections declined on the week.
Corn, soybeans and wheat open the week under pressure
Short-term trends remain down for most grain and soy markets.
Corn, soybeans and wheat posted moderate to sharp losses during the overnight session.
No overnight grain trade. Grain and livestock markets resume trading at 8:30 a.m. CT.
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Corn plantings and June 1 stocks topped expectations.
USDA raised its estimate for corn acreage by nearly 1.5 million from the end of March, while soybean acres were lowered 400,000. Meanwhile, corn, soybean and wheat June 1 stocks were each above pre-report estimates.