Weaker Tone Ahead of USDA’s Crop Reports

After two-sided trade earlier overnight, a weaker tone has developed in the grain and soy markets this morning, led lower by wheat. As of 6:30 a.m. CT, corn futures are trading 1 to 2 cents lower, soybeans are 7 to 11 cents lower and wheat futures are 10 to 13 cents lower. Front-month crude oil futures are around $1.40 lower and the U.S. dollar index is up more than 450 points.