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Soybeans and wheat are expected to open firmer, corn mixed.

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.