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Soy plantings larger than expected, corn is smaller

U.S. farmers intend to plant more land to soybeans and less to corn than traders expected, the Agriculture Department said, based on a survey of 84,000 growers nationwide.

Winter wheat condition improves as harvest nears

Half of the U.S. winter wheat crop was in good or excellent condition at the start of the week, a vast improvement from the drought-scarred 2023 crop, said the USDA's Crop Progress report on Monday. The USDA will make its first forecast of the harvest on Friday. Winter wheat usually accounts for three-quarters of all U.S. wheat production.

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