Grains are mostly lower in overnight trading:

Dec Corn  - 2 ¼  cent/bu (Dec @ 5.39 ¼ )

Nov Soybeans – 9 ¾ cents/bu (12.36 ¾ )

Dec Chi Wheat + 1 ¾ cents/bu (7.57)

Cdn $ +0.00175 (79.305 cents)

WTI Crude Oil +0.02/barrel (75.90)

Soybeans are weak today, trading down to 6 month lows, as the reality of bigger USA supplies and excellent South American planting conditions weigh on the market.  Over the weekend, Brazil received good rains, with more in the forecast over the next two weeks.

USA harvest weather saw dry conditions in the central and western Corn Belt, with wet condition in the southeastern half of the Midwest, as expected.  This week, the southern Plains and western Corn Belt look to remain dry, while the eastern Corn Belt looks to have scattered precipitation chances throughout the week.

Later today, the USDA will release it Weekly Export Inspections Report, its Weekly Crop Condition Report.  The trade is expecting corn harvest to be 35-37% complete, and soybean harvest to be 27-30% complete. StoneX will release their revised forecasts for 2021 USA production.