The soybean CCI rating dropped below the five-year average for the first time this growing season.
Corn, soybean and wheat export inspections all fell short of expectations and below the required paces to hit USDA's export forecasts.
Short-term price trend turns down for most of the grain and soy complex markets.
State attorney general clears purchase.
Access this week's newsletter here.
USDA’s Hogs & Pigs Report estimated the U.S. hog herd at 72.5 million head as of June 1, down 629,000 head (0.9%) from year-ago.
The corn CCI rating is now below the five-year average for the first time this year. The soybean and spring wheat ratings remain above average.
Recessionary fears are building, which triggered heavy long liquidation in commodities last week.
USDA's Cold Storage Report signaled demand is not keeping pace with supplies amid near-record retail prices.
