A fresh round of reports from the USDA look to be the deciding factor for if a slide seen in CBOT grain futures continues, or if the bottom has been set. "Today's closely watched USDA acreage and quarterly grain stocks reports may determine whether this correction has largely run its course or whether markets still need to adjust to a more comfortable supply outlook," says Ole Hansen of Saxo Bank in a note. He adds that while hotter weather is moving in, growing conditions have so far been constructive for U.S. crops. Most-active CBOT corn is down 0.9%, soybeans fall 1.1%, and wheat is down 0.8%. (kirk.maltais@wsj.com)
Dow Jones Newswires
USDA Acreage, Supply Reports to Drive Grain Futures — Market Talk
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A fresh round of reports from the USDA look to be the deciding factor for if a slide seen in CBOT grain futures continues, or if the bottom has been set. "Today's closely watched USDA acreage and quarterly grain stocks reports may determine whether this correction has largely run its course or whet…