Pro Farmer
Corn and spring wheat conditions unexpectedly decline, soybean ratings unchanged.
Corn inspections led the decline for the week ended June 10, down 218,867 MT from the previous week, followed by wheat (208,660 MT) and soybeans (30,551 MT).
Generally favorable weather is drawing more attention from grain traders than U.S. involvement in the Israel/Iran conflict.
Corn, soybeans and wheat are under pressure to start the week. Livestock futures are mildly higher this morning...
Soybeans saw strength to start the overnight session but have since faded lower.
Short-term trend remains bearish for corn.