Monday, August 3, 2015 3:40PM CDT
The weekly USDA Crop Progress and Conditions reports could be viewed as neutral to bearish for corn and soybeans, slightly bearish for winter wheat, and neutral to bullish for spring wheat, according to DTN Analyst Todd Hultman.
December corn was 6 cents lower, November soybeans were 9 cents lower, and September Chicago wheat was 5 cents lower.
Look for live and feeder cattle contracts to open this morning on a firm basis thanks to greater packer spending on display late Friday. Lean hog are likely to begin some higher, supported short covering and attractive processing margins.