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While the wheat crops in Oklahoma, Colorado and Montana showed modest improvement, the other states declined.

After the Bell | May 1, 2023

Weekly corn inspections topped pre-report estimates of 1.35 MMT for week ended April 27, while wheat was near the top-end pre-report range and soybeans mid-range.

Wheat futures opened the week under heavy pressure after the best rains across Plains HRW areas last week.

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Corn and wheat are expected to open under pressure, while soybeans are called mildly firmer this morning.

Short-term trends turn bearish for grain and soy futures.

Wheat futures faced pressure overnight, while corn was mostly weaker and soybeans favored the upside.

Employment report Friday | Two Senate Ag subcommittee farm bill hearings