6/29/2021
* U.S. corn, soy plantings seen up from March
* Canadian farmers expand canola plantings
(Adds closing prices)
By Tom Polansek
CHICAGO, June 29 (Reuters) - Chicago Board of Trade corn and
soybean futures were mixed on Tuesday as traders adjusted
positions ahead of key U.S. reports on crop plantings and
inventories.
The U.S. Department of Agriculture on Wednesday is expected
to increase its estimate for corn plantings by about 3% from
March, according to a Reuters poll of analysts. Soybean
plantings are seen up 1.5% from March.
Still, traders remain nervous about the risk for hot or dry
weather to hurt yields when grain stocks are slim.