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USDA pegged the national corn yield at 178.5 bu. per acre, while the soybean yield was increased 0.1 bu. to 52.8 bu. per acre.
Corn, soybeans and wheat each gave up some of Thursday’s gain overnight.
U.S. average diesel price rises above $6 a gallon
Grains favored a risk-on tone overnight with corn and wheat rebounding from recent losses.
Rains further north helped soil moisture remain stable despite high temperatures
China steps up U.S. soybean buys ahead of Xi visit
Pre-report estimates signal another yield reduction for corn and steady prospects for soybeans as objective data comes into focus.
Corn futures continue to lead weakness, falling below technical support in overnight trade.