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Ahead of the Open | July 1, 2021 Corn futures rally near three-week high, soybeans surge after USDA acreage report stirs supply concerns.

The bulk of these big new-crop soybean sales was known via USDA’s daily reporting service. Old-crop sales were light, as expected, but they were able to stay in positive territory.

Corn and beans rallying on bullish acreage data. Monthly soy and corn processing reports out today. TPA expires with little fanfare and the U.S. and Taiwan restarted trade talks.

Corn and soybean basis surges on the rollover in contracts, but cash prices also soar.

After the Bell | June 30, 2021 USDA acreage surprise sends grain, soybean futures up sharply, feeder cattle pressed by feed cost concerns.

June 1 soybean stocks were bullish, too.

Corn planted acres climbed from March intentions, but by around 1.1 million acres less than analysts expected. USDA’s June 1 stocks estimates came in on the friendly side of expectations for corn, soybeans and wheat.