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Forecasts call for multiple rain chances for the Plains and Midwest into mid-July, with central and southern areas expected to be the wettest.
Soybean and spring wheat CCI ratings continue to drop.
Soybeans extended Friday’s strong gains but came well off the highs into the close. Corn and wheat failed to maintain earlier corrective gains.
The soybean markets continues to react to last Friday’s bullish Acreage Report.
Saudi Arabia to prolong unilateral oil production cut by one month
Soybean futures aggressively extended Friday’s price rally during overnight trade. Corn followed to the upside, while wheat traded mixed.