First Thing Today
Dangerous heat wave over much of Midwest, Southeast
Oppressive heat lingers over Midwest, Plains
Warmer-than-normal weather in Midwest through the rest of July
Grain bulls are fading early this week
Warmer temperatures, more rain chances this week for Midwest
Changes are coming to the weather pattern that will produce hotter temps and high relative humidity across areas of the U.S. through next week, inducing some crop stress.
After contract lows to open the week, December corn futures are working on three straight days of corrective gains.
Corn futures pulled back from Monday’s corrective gains overnight, while soybeans and wheat extended their losses.
Corn rebounded from fresh contract lows, while soybeans bounced from a drop below $10.
Corn, soybeans and wheat traded on both sides of unchanged during the overnight session but are mildly weaker early this morning.