Corn firm, soybeans mostly up Monday

Corn firm, soybeans mostly up Monday

Soybeans were steady to higher. Beans are watching U.S. planting and development weather, with the first USDA national crop rating of the season out after the close. 72% of the crop is in good to excellent shape, up 13% from the first 2023 rating, with 87% of the crop planted and 70% emerged, both ahead of the respective five-year averages. The USDA’s supply and demand report is out Wednesday and CONAB’s new outlook for Brazil is Thursday.

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