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Corn, soybeans and wheat posted mild corrective gains overnight amid light short-covering ahead of USDA’s reports later this morning.

In the wake of the heavy flooding in the northwestern Corn Belt, there have been a lot of questions about USDA’s methodology for assessing crop conditions. We’ve got the answer.

June 1 hog herd expanded 1.3% from year-ago, with the market hog inventory up 1.7%.

After the Bell | June 27, 2024

Cash winter wheat prices continue the seasonal price slide.

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Soybeans and wheat are expected to open firmer, corn mixed.

Wheat sales during the week ended June 20 topped analysts’ pre-report range for the second straight week. Soybean sales fell 49% on the week, while soyoil saw net reductions, which were a marketing-year low.

While the acreage estimates will draw a lot of attention, quarterly stocks data has a history of producing major surprises, especially for corn.