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Grain and soy futures are expected to open sharply lower after active followthrough selling overnight.

Soybeans, wheat and new-crop corn futures faced followthrough selling overnight, while July corn futures pivoted around unchanged.

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Grain and soy futures will open sharply lower after heavy selling overnight.

Despite sharper-than-expected declines in corn and soybean crop condition ratings, those markets traded sharply lower overnight amid forecasts for improved rain chances. Wheat also traded sharply lower overnight.

The CCI ratings are now 8.6% below year-ago for both corn and soybeans.