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Corn and soybean basis surges on the rollover in contracts, but cash prices also soar.

After the Bell | June 30, 2021 USDA acreage surprise sends grain, soybean futures up sharply, feeder cattle pressed by feed cost concerns.

June 1 soybean stocks were bullish, too.

Corn planted acres climbed from March intentions, but by around 1.1 million acres less than analysts expected. USDA’s June 1 stocks estimates came in on the friendly side of expectations for corn, soybeans and wheat.

Ahead of the Open | June 30, 2021 Grain futures seen lower ahead as market awaits USDA acreage, stocks data.

Commodity traders focus on today’s Acreage, Grain Stocks reports from USDA

June Acreage Report, Quarterly Grain Stocks out today. Rains limit frost damage in Brazil’s northern Parana, with another frost/freeze expected tonight. A bipartisan low-carbon biofuels bill will be unveiled today.

After the Bell | June 29, 2021 Grain futures mixed ahead of USDA acreage, quarterly stocks updates.

Analysts surveyed by Reuters did a pretty good job anticipating Statistics Canada’s planted acreage adjustments.