Profit taking across the board in US futures, except soybeans, the late plant has the bean market on edge still.
The big question with the US corn progress report is the base numbers. It’s safe to assume that the current crop planting progress is based off the recently amended USDA acreage projection not the original acres in the May report. So it’s only obvious that the sowing progress will be more than expected. What’s in the ground is what is going in the ground, maybe the next report will show closer 100% sown. There was also talk that the figure takes into account the prevent plant insurance claims, I guess that makes sense but it does make the final area a little hard to calculate.
US wheat futures got caught up in some profit taking and spill over selling from the corn pit. The spring wheat condition rating did fall against trade expectations but the volume on the sell side prevented any positive spin from that reduction.

Canada is expected to see some much needed rainfall across the Saskatchewan prairies over the next 7 days. The spring wheat belt could see between 25mm – 100mm with the heaviest falls predicted around the Regina to Saskatoon area, some of the drier parts. The showers should also push down into N.Dakota which has also become quiet dry in recent weeks.
The southern parts of the Volga Valley remain dry, with harvest cranking, rain now would probably make little difference to yields. Further east into the spring wheat regions of Russia and Kazakhstan both countries remain dry.