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Ahead of the Open Wheat futures expected lower on N. Plains rainfall, corn, soybeans lower with all eyes on weather.

Delaware lawmakers are pressing EPA to ease refiners’ blending obligations. A bipartisan group of Senators delivered a new infrastructure proposal. And NCBA wants USDA to scrap “Product of the USA labels.”

After the Bell | June 10, 2021 Weather worries continue lifting corn, soybean futures, cattle modestly higher.

Cash corn price slip, cash soybean prices rise.

Conab now estimates Brazil’s total corn crop at 69.96 MMT. That compares to USDA at 98.5 MMT.

The Dakotas saw a mix of drought improvement and drought degradation, but today’s update didn’t fully account for this week’s rains.

So far, market reaction to the data has been fairly subdued.

Cotton and wheat carryover also came in lighter than expected.

Corn, soybean expected to climb on dry weather as trade awaits USDA data

Memorial Day coincided with the reporting period, which may have limited business to some degree.