Old-crop corn sales topped expectations, while new-crop sales were right in line with what the market expected. Exports of the grain held above 2 MMT.
More rain is coming for the Northern Plains. Weather will share the spotlight with USDA's June S&D and Crop Production Reports. JBS announces it did pay $11 million in ransom.
Cotton and wheat carryover also came in lighter than expected.
Find highlights from today's WASDE and Crop Production Reports, the latest from Conab and an update on drought conditions within the U.S.
Shipments of corn, soybeans and wheat were within expectations.
The market was too pessimistic on USDA's initial corn crop rating.
More U.S. inflation | Aggressive China | Frost/Freeze in Upper Midwest
Wrap up your day with this afternoon news update.