News
Mounting weather concerns supported corn and soybean futures overnight, while wheat followed to the upside.
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Corn and soybeans are expected to open moderately to sharply higher on support from crop concerns. Wheat is likely to be mixed.
Corn and soybeans were supported overnight by the bigger-than-expected declines in crop condition ratings, while wheat faced price pressure.
Corn and soybean CCI ratings are well below year-ago, while the spring wheat rating is still above last year at this time.
USDA reported soybean export inspections of 140,179 MT, missing the low-end pre-report estimate of 175,000 MT, while corn inspections were near top-end estimates but were down slightly from the previous week.
Corn and soybeans are higher with wheat mixed. Livestock futures are choppy with hog futures mostly firmer to start the week...
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Corn and soybeans are expected to open higher on weather/crop concerns. Wheat is called mixed this morning.