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Widespread Showers and Thunderstorms Expected

While there are some crop development issues in the northern Corn Belt, conditions remain favorable for much of the crop.

Drought Monitor Shows Further Improvement in Southern Plains.

Monitor says 34% of U.S. remains in moderate drought or worse. Slight boost in eastern, south-central South Dakota.

New Restrictions Proposed for Trains Carrying Ethanol, Crude Oil

DOT wants comments back within 60 days

Strong Global Soybean Demand

With growing global economies demand for commodities should rise into next year. Soybeans led a strong overnight futures rally. China's manufacturing sector followed through on recent strength. HSBC's Flash PMI (Procurement Manufacturing Index) rose to an 18-month high for new orders. The official July number will be released August 1.

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Market Reports

Cash Sales Monitor

40% of 2014-crop corn is sold

2014-Crop Corn Sales

Cash-only marketers are 40% sold and hedgers are 50% sold in the cash market.

70% of 2014-crop wheat is sold

2014-Crop Wheat Sales

Cash-only marketers are 70% sold and hedgers are 85% sold in the cash market.

50% of 2014-crop soybeans are sold

2014-Crop Soybean Sales

Cash-only marketers and hedgers are 50% sold in the cash market.

50% of 2014-crop cotton is sold

2014-Crop Cotton Sales

Cash-only marketers and hedgers are 50% sold in the cash market.