Wheat, corn and soybean markets are behaving like the corn and soybean harvests, continuing to slog along as if stuck in the mud. Perhaps that is the way it should be at this point in the marketing year. The U.S. still has 70 percent or so of what appears to be record corn and soybean crops still to be harvested. It’s raining across much of the southern Plains as the 2019 hard red winter wheat crop is being planted, and current estimates suggest those plantings could be 5-10 percent above last year. Meanwhile, the trade war with China shows no sign of being resolved. Coupled with record world soybean supplies, that will make it very tough to find a soybean rally in the near or even distant future. Russia continues to hit almost every...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Australia, China, North America, South America