Corn is down 6 and soybeans are down 8 to start the day with favorable weather and rainfall over the last 24 hours.
The weather forecast is mostly the same as yesterday with rains moving into the Central US. Missouri, Illinois, Indiana and Ohio will get the majority of the precip in coming days. After the rains over the next two days there isn’t much storm activity until about next Thursday/Friday. Totals and amounts are going to be hit or miss for the 15 day forecast.
The market is still working on cleaning up the charts from the gaps left from the Tuesday after the 4th of July. We are close in corn, but still need to get up to 5.735. I don’t think we get this done this week based on weather trade, but could make a run at it next week with warmer temperatures.
Have a Safe Day!