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The central and eastern Corn Belt was a battleground of sorts, with some locations seeing improvement with this week’s heavy rainfall, while other locations missed out,” today’s Drought Summary said.

The National Weather Service’s 30- and 90-day forecasts favor continued warm, dry weather for these areas.

Advice to farmers on carbon credit trading: wait

Spring wheat futures posted new highs overnight amid crop concerns and the hot, dry forecast.

That said, sales of most commodities were in line with expectations and the only net sales reduction was for soyoil.

Another slowdown in crush expected for June, with export sales also out today. Low water levels on Argentina’s Parana River still causing headaches. Chinese pork production hits seven-year high in Q2

Cash hog, pork cutout prices firmed over the past week.

Hot, dry forecasts for August bolstered grain and soy futures.