News
Above-normal temps and below-normal precip are expected over much of the Plains and western Corn Belt through July. The eastern Corn Belt has elevated chances of above-normal precip.
Corn futures faced light followthrough selling in overnight trade, while soybeans firmed. Wheat futures are mixed to mostly firmer this morning.
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Grain, soybean futures seen lower after fading under corrective pressure overnight; U.S. planting remains slow.
Overnight price action in the grain and soy markets was quiet and choppy.
Corn futures rally above $8 near a 10-year high amid broad commodity market rally; soybeans, wheat also surge.
The winter wheat CCI ratings are below the five-year averages, especially the HRW crop.
Corn posts new contract highs overnight as soybeans and wheat firm sharply. Cattle and hog futures are also higher to start the week.