News
Wheat was supported by corrective buying overnight though futures are well off the highs this morning. Soybeans faced active followthrough selling, while corn was modestly lower.
The CCI ratings for all three crops are above the respective five-year averages for the date.
Corn, soybean futures down sharply on outlook for less-threatening Midwest weather; winter wheat plunges as harvest accelerates.
Inspections fell from the previous week for corn, soybeans and wheat.
Grain and soy complex futures are under hefty pressure with livestock futures trading mixed to start the week.
Winter wheat drops to two-month lows as harvest pressure expands; corn, soybeans also under pressure.
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Grain and soy complex futures are under solid pressure coming out of the holiday weekend, led lower by sharp losses in soyoil.
Fed Chair Powell appears before House, Senate panels
Corn futures fade from early climb to four-week highs as Midwest faces another heat wave; wheat drops sharply.