After early weakness, most corn futures contracts closed unchanged or near thereto. Meanwhile, in the face of all the macro turmoil, soy complex futures performed rather well. General Comments The National Oceanic and Atmospheric Administration’s (NOAA’s) latest outlook for the current strong El Nino has it weakening more slowly than expected. It indicates the weather pattern will linger on until the fourth quarter of 2016. In late 2015, many private forecasters were predicting a rapid decline of El Nino with a La Nina showing up by mid-summer. The NOAA outlook would appear to preclude the development of a La Nina so quickly. If El Nino does linger on through the summer of 2016 as it slowly weakens, this would seem to reduce chances of a...

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