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SAF | More Deere layoffs, to move production | Crude oil prices plunge | USDA’s strategy against bird flu in dairy cattle

Corn, soybeans and wheat each saw sustained selling pressure overnight, with soybeans showing relative strength.

Corn futures showed mild followthrough selling throughout the overnight session, while soybeans and wheat have weakened this morning following two-sided trade earlier in the session.

Both crops start the growing season rated well above year-ago.

After the Bell | June 3, 2024

EPA | OPEC+ | Elections in India, Mexico | No U.S. rate cuts in 2024?

Weekly corn inspections rose 244,000 MT from the previous week to 1.37 MMT during the week ended May 30, landing above pre-report expectations. Wheat and soybean inspections also rose on the week.

Wheat futures are higher with corn and soybean futures under pressure to start the week. Cattle and hog futures are mildly favoring the upside...

Strong gains in wheat led to modest gains in corn overnight, while soybeans continue to see relative weakness. Each saw an increase in buying activity into the break.

Short-term trend turns bearish for corn, soybeans and soymeal.