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World Bank revises global economic growth estimate for 2023 to 2.1%, up from 1.7%

Wheat futures are expected to lead gains in the grain markets, though outside markets could restrict buyer interest.

Wheat futures posted strong gains overnight after a major dam in Ukraine was destroyed. Corn and soybeans traded solidly higher on lower-than-expected crop condition ratings.

CCI ratings for corn and beans below year-ago, spring wheat rated better than last year.

After the Bell | June 5, 2023

USDA’s weekly export inspection data showed a week-over-week decline in export inspections for corn, soybeans and wheat. June 1 marked the beginning of the 2023-24 wheat marketing-year,

Wheat futures are leading gains in grains and oilseeds. Cattle futures are higher to start the week with hog futures under pressure...

China’s war hawks make it difficult for U.S. to improve relations with Beijing/Xi

Corn, soybeans and wheat are expected to open firmer after favoring the upside overnight.

No changes in the short-term, intermediate or long-term trends this week.