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Ahead of the Open | July 7, 2021 Soybean futures poised to open higher as USDA crop ratings fall short of expectations, corn down on weather.

FOMC minutes | Gas prices nearly $1 higher than year ago | EU carbon tax $-maker

Corrective buying after yesterday’s dive. Fed to release FOMC minutes today. Chinese corn production likely to climb at least 6% in 2021-22. Vilsack heading to Nebraska for a ‘major announcement’ on Friday.

Says recent court decisions are a challenge, but industry is still focused on bolstering biofuel industry.

Find highlights from today’s Crop Progress and Condition Report.

The corn CCI rating inched higher, while the soybean reading slipped.

After the Bell | July 6, 2021 Grain futures nosedive as expected Midwest rain improves harvest outlook.

“Producers in June were less optimistic about both current conditions on their farming operations as well as their expectations for the future,” with the former driving the decline, according to today’s report.