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After the Bell | June 27, 2023

Cordonnier lowers US crop estimates again, China plans to release cotton from State Stockpiles and McConnell expresses interest in moving Farm Bill forward...

EPA plans to revise its WOTUS rule by Sept. 1 | Lighthizer’s book released

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.

After the Bell | June 26, 2023

Corn inspections in week ended June 22 fell short of the expected pre-report range by over 150,000 MT and were down over 280,000 MT on the week. Wheat and soybean inspections landed in their lower respective ranges.

Soybean and wheat futures are off to a strong start with corn futures mixed. Cattle futures are choppy to mostly lower with lean hogs are higher on support from the cash market...