Soybean futures prices were hammered into big losses when hints of improved weather prospects sent long positioned traders running for cover. Today’s volatility is a sign of the kind of market environment that is likely to see for at least the next six-nine weeks. General Comments Overnight trade saw markets continue to add weather risk protection with prices generally higher across the board. This continued early on into the day session until one of the midday weather model runs hinted that the high pressure ridge might moderate and shift westward during the last week of July. This would not represent a major pattern shift, but for those scanning models runs with magnifying glasses seeking even the barest sign of change, it was enough to...

TAGS – Feed Grains, Soy & Oilseeds, Wheat