Tuesday, May 3, 2016 12:33PM CDT
Rain this past week stalled corn planting at Chase Brown's farm near Decatur, Illinois, but the moisture was beneficial for his alfalfa crop. Rain also slowed fieldwork for Jim Hoover at his farm near Newport, Pennsylvania.
July corn was 3 cents lower, July beans were 6 cents lower, and July Kansas City wheat was fractionally lower.
Live and feeder cattle futures are likely to open lower, pressured by struggling beef demand and long liquidation. Lean hog contracts are set to open on a mixed basis tied to a combination of spillover buying and midweek profit-taking.