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Wheat sales during the week ended June 20 topped analysts’ pre-report range for the second straight week. Soybean sales fell 49% on the week, while soyoil saw net reductions, which were a marketing-year low.

While the acreage estimates will draw a lot of attention, quarterly stocks data has a history of producing major surprises, especially for corn.

Corn, soybeans and wheat held in tight ranges during the overnight session that saw two-sided trade.

Cash cattle prices surge to a record high last week.

After the Bell | June 26, 2024

Impact: Shortage of finished products or shipments of expected grain

Corn, soybeans and wheat each saw corrective buying most of the overnight session, though selling pressure increased into the break.

Soybeans led a round of corrective gains in grain and soy futures during the overnight session.