Corn & beans are weaker, but wheat is steady/higher on Tuesday morning as traders debate whether crop conditions amid adequate soild moisture are good enough to offset a hot July forecast.
Soybeans led corn higher in post-holiday trading as weather maps continued to look hot thru mid-July, but wheat struggled to hold to Sunday night gains.
Grains posted follow-thru gains on Wednesday, still reacting to Tuesday's fundamentally changed production prospects, especially for corn.
Prices faded ahead of the USDA reports, awaiting planting intentions & June 1 grains stocks data.
Grains are rallying on Monday as traders position ahead of Tuesday's first notice day on July grain futures & USDA's Planting Intentions & June 1 Grain Stocks reports. Hot & drier early-July weather is providing the main catalyst for the gains.
Corn led soybeans lower on Thursday as favorable weather forecasts combine with still-large acreage estimates to push prices lower. SRW wheat ended bucked the downtrend as contract lows held & traders bottom-picked.
Grains erased midmorning gains by the noon hour on Wednesday as outside markets tumbled on trade tensions & weather maps continued to promise warm/wet weather thru at least July 8.
Corn & beans are lower on big crop fears, & wheat is barely changed on Tuesday morning.
Corn & soybeans are mostly lower & wheat is slightly higher on Monday morning as rain in the western Corn Belt has underpinned production prospects for corn & beans & slowed wheat harvest.
Wheat led corn & soybeans to erase overnight gains on Tuesday morning as expectations for record-high wheat output & carryover stocks in 2020/21 weigh on price sentiment.