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Weekly export sales data showed net new crop corn sales totaled 758,400 MT in week ended Aug 3, while new crop soybeans sales totaled nearly 1.1 MMT.

Soybean futures extended gains from the two previous days during overnight trade, while corn and wheat rebounded amid corrective buying.

The average cash cattle price firmed $1.89 to the second highest ever.

Basis firmed a little for both corn and soybeans over the past week.

Soybeans and corn are expected to trade higher, while wheat is likely to face slight price pressure.

USDA will also update its wheat crop estimates, along with the U.S. and global balance sheets.

Soybeans traded higher overnight, while wheat faced pressure and corn was caught in the middle.

Annual survey highlights farmland prices and average cash rents across state.

Grain and soy futures are expected to open lower amid generally favorable weather and bearish Chinese trade data.

Corn and soybeans faced followthrough selling overnight, while wheat futures pulled back from Monday’s gains.

The corn CCI rating is now less than 1% below year-ago, while soybeans and spring wheat are still notably under last year at this time.

USDA reported weekly inspections declined for corn, soybeans and wheat, with wheat falling more than 310,000 MT from the previous week, missing pre-report estimates.

We expect widely varied trade in the grain and soy markets this morning amid pressure from weather and support from escalating tensions in the Black Sea region.

Short-term trends turn bearish for corn, soybeans and wheat.

Soybean futures were pressured overnight by weekend rainfall across the Corn Belt, while wheat rallied amid mounting tensions in the Black Sea. Corn was caught in the middle and traded on both sides of unchanged.

USDA's annual survey finds 8.1% gain in average cropland values

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Grain and soy futures are expected to open solidly higher amid increased geopolitical tensions.

Corn, soybeans and wheat traded sharply higher overnight amid rising geopolitical tensions after Ukraine attacked a major Russian Black Sea port.

Our monthly and quarterly price forecasts, including the first projections for the first quarter of 2024.

Soybeans are expected to see modest corrective buying amid strong new-crop export sales. Corn and wheat are expected to trade mostly lower.

Old-crop weekly soybean sales faded on the week, while new-crop sales rose steadily amid a recent uptick in purchases. Meanwhile, old-crop corn sales were shy of the pre-report range, while wheat sales rose notably.

Corn, soybeans and wheat initially extended Wednesday’s losses overnight but some contracts have firmed amid mild corrective buying early this morning.

Basis remains positive for both corn and soybeans, though below the respective three-year averages.

Corn and wheat futures are expected to open higher amid Black Sea supply concerns after Russia attacked a Ukrainian port on the Danube River. Soybeans are expected to open lower on forecasts for improved weather.

Corn and wheat futures posted corrective gains overnight after Russia attacked a key Ukrainian port but have come well off their highs this morning. Soybeans initially traded higher but have weakened.

This month’s rise was primarily the result of farmers’ improved perception of current conditions on their farms.

Grain and soy futures are expected to open with a varied tone today. Price direction will largely be determined by money flow to start the new month.

Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during the overnight session.

The spring wheat CCI rating was the lowest of the growing season; the corn and soybean crops were still above their early July ratings.

Weekly wheat inspections in week ended July 27 rose 220,413 MT from the previous week, topping the pre-report range. Shipments are now running 4.8% behind a year ago, compared to 16.9% last week.

Grain and soy futures are expected to open sharply lower this morning after heavy selling pressure overnight.

Short-term trend turns up for the U.S. dollar index.

Corn, soybeans and wheat faced heavy price pressure during the overnight session.

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All signs point toward a sharply lower open in grains this morning, though a series of daily soybean sales could somewhat limit buying in that market.

Corn, soybeans and SRW wheat extended Thursday’s losses overnight, while the HRW and HRS markets also weakened.

Grain and soy futures are expected to open mostly firmer this morning after favoring the upside in two-sided trade overnight.

USDA reported corn sales were up 33% on the week, while soybeans were up noticeably and up 73% from the four-week average. Weekly wheat sales rose 37% week-over-week, but were down 17% from the four-week average. 

Corn, soybeans and wheat traded on both sides of unchanged overnight but have firmed early this morning.

Big weekly jump in most cash grain prices.

Soybean basis is in line with the three-year average.

Crop conditions fall in corn, soybeans and spring wheat

Wheat inspections in week ended July 20 were up 85,621 MT from the previous week and above the pre-report range. Soybean inspections rose notably from the previous week, while corn fell 100,000 MT.

June placements unexpectedly increased from year-ago.

Cattle herd declined 2.7%; beef cows dropped 2.6%.

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Monthly survey finds rising optimism in 10-state ag economies.

The 90-day forecast suggests most of the key corn and soybean areas should see generally favorable conditions for August through October.

Grain and soy futures are expected to open daytime trade with a firmer tone as traders focus on weather and geopolitics.