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Corn plantings greatly topped expectations, while soybean acres fell well shy of the pre-report estimate.

USDA reported over 94 million corn acres, which is over 2 million above pre-report estimates, while soybean acres were pegged at 83.505 million acres, over 4 million acres below the average pre-report estimate.

USDA to update balance sheets today, states appeal to Federal Judge to overrule WOTUS and Argy wheat production is expected to recover...

Survey shows production costs a concern for ag economists

Grain and soy futures are expected to trade higher this morning on followthrough corrective buying after strength overnight.

The U.S. cattle herd was 0.1% bigger than year-ago as of June 1, whereas traders expected a 0.7% decline.

Corn, soybean and wheat futures firmed amid corrective buying during the overnight session as traders await USDA’s reports later this morning.

After the Bell |June 29, 2023

Drought now covers 70% of corn areas and 63% of soybeans.