The CBOT was mostly higher for the day with the strength originating from the soybean market and spilling over into corn and soybeans. The soybean market derived its strength from new forecasts of hot, dry weather for the U.S. Midwest as the soybean crop approaches pollination and pod filling. The late July/early August heat is exactly what the futures market didn’t want to see as it pertains to supply implications, and funds were forced to cover their newly acquired record short position in soybeans. Corn, while it will be less impacted by the expected heat, also saw short covering as traders are more nervous about the heat shaving off bushels from the national average yield. Wheat futures were higher as well, though mostly because o...