The NPPC is working to get out in front of upcoming Farm Bill legislation.

Craig Turner, grain and oilseed analyst with StoneX says its the last trading day of the month and corn, soybeans and wheat are all poised to have bearish monthly lower closes.

Some growers are considering rescue treatments with post applications of products. But as the calendar turns to August and the crop enters reproductive stages, that can be a risky undertaking at best, agronomists say.

Alan Brugler, A&N Economics, says soybeans sank on demand concerns with large global supplies and China continuing to buy from South America. November soybeans fell below $10 and project even lower.

Kevin Duling, KD Investors, says corn is trying to bounce Wednesday off of new contract lows scored in old crop futures and wheat is also trying to recover after new lows on Tuesday.

The European Union has been a major importer of U.S. ethanol in recent years.

Matt Bennett, AgMarket.Net, says it was an ugly day in the grain markets with old crop corn making new contract lows once again with spillover pressure from wheat and a higher dollar.

DuWayne Bosse with Bolt Marketing says corn made a new contract low in the September contract, with December trying to hold support. Soybeans and wheat are also lower early Tuesday.

Garrett Toay, AgTraderTalk, says corn and soybeans continued to push back towards recent lows on weather as areas of the Corn Belt saw rain over the weekend and the heat is starting to ease.

Joe Kooima of Kooima Kooima Varilek says both live and feeder cattle futures gapped higher into all-time and contract highs again on Monday morning on the heels of the bullish USDA Cattle on Feed and Cattle Inventory Reports. Grains opened lower as weather is trumping export and trade news.