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Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.

Corn and soybeans were mildly firmer overnight on positioning ahead of USDA’s July crop reports at 11 a.m. CT. Weekend rains were ample across all but northern locations of the Midwest.

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Markets favoring the upside as trade readies for USDA reports. Timely rain for much of the Corn Belt, but Upper Midwest remains dry. China to boost boost storage capacity and ease restrictions for small hog producers.

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After the Bell | July 9, 2021 Mild Midwest weather outlook keeps corn under pressure as markets await USDA Supply and Demand report.

Ahead of the Open | July 9, 2021 Corn, soybeans seen weaker with more rain in Midwest forecast, wheat mixed.

Price action was relatively quiet overnight on a lack of fresh news.