News
Grain and soy futures are expected to open moderately to sharply lower despite supportive outside markets.
Corn and soybeans pulled back from their recent gains during overnight trade. Wheat was led lower by HRW contracts amid increased harvest activity.
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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.