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Corn led strength overnight, posting impressive gains this morning, while soybeans and wheat followed to the upside.
Wheat slumps amid improvement in crop conditions.
Corn, soybean and spring wheat CCIs all well below year-ago.
USDA initially rates the soybean crop 68% ‘good’ to ‘excellent,’ one point lower than expected.
Corn inspections during the week ended May 29 rose 157,000 MT, topping the pre-report range. Soybean inspections also rose on the week, while wheat inspections declined modestly.
Weather, trade and geopolitics a split focus as June begins.
Wheat futures are higher with corn following higher and soybeans under pressure. Cattle and hog futures are higher to start the week...