Grain Markets on Edge Ahead of Crucial USDA Report

The U.S. grain and oilseed markets have been experiencing some volatility ahead of the USDA's August supply/demand estimates report, set to be released on Wednesday.

CBOT soybeans have shown modest gains on the Chicago Board of Trade, while corn prices were steady due to rising crude oil prices and upcoming rain in the U.S. Corn Belt.

Analyst Tom Lilja notes that U.S. yields are being threatened by hot dry weather, which may impact production numbers.