Grain and soy complex futures were higher overnight as continued rain across the Midwest threatens the corn and soybean crops. At this point, there are many fields that will simply go unplanted, while planted crops will deteriorate due to the excessive moisture. One potential problem is that the moisture can damage root systems and make the crop more vulnerable for future problems. For example, should this summer hold a significant hot/dry spell, the damaged root systems would be more impacted by the drought. While the crop may be (partially) planted, it’s far from being made. The market is aware of the rising number of risks facing the corn and soybean crops, and it is reacting accordingly. The day session opened with corn and wheat...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Equities, Energy, North America