CBOT futures started the overnight session on a mixed note but turned lower as the night wore on. The opening bell brought with it aggressive selling in soybeans and soymeal. That pressure, however, did not last and soybeans finished with solid gains while soymeal settled just slightly lower. Corn finished the day slightly higher as the afternoon soybean strength overcame weakness in wheat futures.  The CBOT’s primary focus presently is the U.S. weather forecast, which remains benign. Long-term forecast models suggest limited heat through July and average or better precipitation. Of course, it is too early to accurately predict mid-July daily highs that could stress corn during pollination, so some weather risk remains. Overall,...

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