News
Grain/soy futures expected to open daytime trade sharply lower on followthrough from heavy selling overnight and negative outside markets.
Corn, soybean and wheat futures faced heavy pressure overnight after initially trying to work to the upside.
The corn and soybean crops posted modest gains, while spring wheat improved notably.
Outside markets influenced grain and livestock markets to varying degrees in volatile trade to open the week.
Soybean export inspections fell shy of expectations.
Grain and soy markets gapped higher overnight but fell from overnight highs at the open of the day session. Cattle futures are lower with feeders leading losses as lean hogs firm slightly...
USDA will update balance sheets to reflect June 1 stocks and its new-crop planted acreage estimates. USDA will also release its first all-wheat production estimate.
Short-term trends turn sideways for corn and soybeans.
Followthrough from strong overnight gains in grain/soy futures. Cattle and hogs also expected to open higher. Outside markets could curb buying in grain/livestock markets.
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