Corn futures were sharply lower on an improving weather forecast and overall commodity weakness. The extended forecast continues to call for cooler than normal temps, while some additional rain was added into the forecast in the morning
The grain markets are trying to rebound some after being down sharply following last weeks USDA supply and demand numbers for July. The biggest issue with the grain markets right now is that there is just a
This mornings export inspections report was better than expected in corn, soybeans and wheat. Corn exports were reported at 47.98 million bushels, we now need to average 35.4 million bushels per week to reach the USDA yearly total.
The grain trade is lower today mostly based upon improved weather forecasts for the 6-10 and 8-14 day time period. The forecasts look for rain to fall over 85-90% of the grain belt with .5 to 2
Lower markets as we begin trading following the long holiday weekend. July soybeans traded to the lowest level since March 2016. Nearby corn futures remain sideways to lower as traders contemplate wet conditions in the ECB versus favorable conditions in