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Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.

NASS and World Board willing to discuss, act on changes if needed - Funding key issue

Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.

Ahead of the Open | July 26, 2021 Corn, soybean futures fall near two-week lows following Midwest rainfall, outlook for cooler temperatures.

Hot, dry week likely for much of the Midwest & Plains. Low Parana River water levels likely to get worse before they get better. Vilsack predicts moderation in food inflation. Friendly cattle reports may boost futures.

A few issues linger on physical infrastructure measure

Nominations | FY 2022 spending | FOMC meeting, presser | Meat industry hearings

After the Bell | July 23, 2021 Midwest rainfall prospects send grain futures lower for week, hogs at one-month high on firm pork.