WHEAT – Down 2 to 3 cents per bushel.
Pressure from a firm dollar but market underpinned by concern about dryness in the U.S. western Plains hard red winter wheat growing region.
* USDA late on Monday said 47 percent of the U.S. winter wheat crop was in good to excellent condition, up from 46 percent a week ago but down from 64 percent a year ago. Ninety-one percent of the crop had emerged, up from 87 percent a week ago and ahead of the 89 percent five-year average.
CORN – Down 2 to 4 cents per bushel.
Turned down when the dollar gained and crude oil began sliding. Fund long-liquidation weighing on corn.
* Rainfall in several dry areas of Argentina this week will not be enough to end concerns about dry soils, and there are forecasts for hotter temperatures over the six- to 10-day period. Satisfactory weather in Brazil but outlooks for dryness in the south bear watching.
SOYBEANS – Down 2 to 3 cents per bushel.
Pressure from a firm dollar, lower equities and lower crude oil. Market underpinned by concern about dryness in portions of South America’s crop region.