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Weekly and monthly charts still pointed higher for corn, soybeans and wheat

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

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Monday Morning Wake Up Call | June 1, 2021

Grain and soy futures are sharply higher to start the week after a weekend frost. Live and feeder cattle futures are under pressure with lean hogs mixed.

Corn export inspections even higher than anticipated

Wheat inspections dropped notably from last week’s strong showing. Soybean inspections were lackluster, as expected.

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Frosts and freezes for the Upper Midwest and Northern Plains over the holiday weekend

Temperatures dipped below freezing over Memorial Day weekend in the Upper Midwest and Northern Plains, raising questions about slowed development and the possibility some replanting will be needed.

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SovEcon cuts Russian wheat crop forecast, with dryness a rising concern in spring wheat areas

Andrey Sizov, head of SovEcon, says, “Spring weather conditions were favorable for the new winter wheat crop. However, there is a big question mark over the spring wheat crop now."

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China’s wheat crop could help bridge any corn supply gap until corn harvest begins

Harvest of China’s winter wheat crop got underway this month, which along with Chinese changes in recommended feed mixes could cool Chinese buying of corn near-term.

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Recent rain for the Dakotas had little impact on drought

"Reports indicate much of this week’s heavy rains was immediately absorbed by the severely dry soils, with no runoff into empty dugouts or ponds," according to today's Drought Monitor Summary.