Pro Farmer
The Seasonal Drought Outlook calls for drought to persist or develop across the much of the western Corn Belt and Plains through August.
Annual Iowa State survey reports state average of $271 an acre.
Grains continue to lead weakness while soybeans see relative strength.v
Tax and farm bill provisions being debated.
July soybean futures reached their highest level since Feb. 11 during overnight trade.
Consumer food prices declined 0.1% from March to stand 2.8% above last year.
