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After the Bell | July 1, 2021 Corn and soybeans fade from USDA acres-driven rally, but weather market “restarted.”

Cash corn and soybean prices surge following USDA’s June 30 reports.

A stalled frontal boundary brought widespread, heavy rain and flash flooding to parts of the lower Midwest. But the Upper Midwest largely missed out on the heaviest rains, maintaining drought concerns.

USDA again surprises industry analysts with lower-than-expected plantings

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.