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Steps ahead for infrastructure measures/reconciliation | CEO of WH Group steps down

USDA will release corn and soybean crop estimates today, China lowers soybean import projection and economists expect inflation to persist...

Ahead of the Open | August 12, 2021 Corn, soybean futures trading slightly lower, wheat firmer as trade awaits key USDA reports.

But exports of the oilseed hit a marketing-year low.

USDA’s WASDE and Crop Production Report out at 11:00 a.m. CT. China trims soybean import projection for 2020-21. Low water levels on Parana River could get worse before it gets better.

Cash wheat prices firm, though HRS values ease from their elevated levels.

Corn and soybean basis continues to slide, but cash prices for both rose this week.

Grain and cotton futures posted a generally muted showing Wednesday ahead of Thursday’s important USDA reports. Cattle futures slipped along with recent cash losses, whereas fall hog futures posted a strong rebound.