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Conab now estimates Brazil’s total corn crop at 69.96 MMT. That compares to USDA at 98.5 MMT.

The Dakotas saw a mix of drought improvement and drought degradation, but today’s update didn’t fully account for this week’s rains.

So far, market reaction to the data has been fairly subdued.

Cotton and wheat carryover also came in lighter than expected.

Corn, soybean expected to climb on dry weather as trade awaits USDA data

Memorial Day coincided with the reporting period, which may have limited business to some degree.

More rain is coming for the Northern Plains. Weather will share the spotlight with USDA’s June S&D and Crop Production Reports. JBS announces it did pay $11 million in ransom.

After the Bell | June 9, 2021 Grain, soybean futures mostly lower, awaiting fresh USDA numbers.