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Choppy to mostly lower price action is expected as traders start to prepare for USDA’s reports on Friday.

Corn, soybeans and wheat posted two-sided trade overnight but are mostly firmer this morning.

Dam explosion in Ukraine put major strain on ag sector | Stabenow: No new funding for farm bill

After the Bell | June 6, 2023

Producer sentiment fell to its weakest reading since July 2022, triggered by crop price weakness.

World Bank revises global economic growth estimate for 2023 to 2.1%, up from 1.7%

Wheat futures are expected to lead gains in the grain markets, though outside markets could restrict buyer interest.

Wheat futures posted strong gains overnight after a major dam in Ukraine was destroyed. Corn and soybeans traded solidly higher on lower-than-expected crop condition ratings.

CCI ratings for corn and beans below year-ago, spring wheat rated better than last year.