After sputtering about yesterday and again early in the overnight session, grain and soy futures markets bounced firmly higher today, but why is not exactly clear. General Comments After sputtering about yesterday and again early in the overnight session, grain and soy futures markets bounced firmly higher today, but why is not exactly clear. There were quite a number of potential reasons for the rally and certainly no shortage of factors swirling around, although it is still hard to point to any and say this is why May soybeans closed up 26.5 cents or why May corn closed 7.25 cents higher or why all three classes of wheat futures contracts were so strong. Consider the following:
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What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...