Markets were all lower overnight, and that pattern accelerated throughout today’s session with wheat, corn and soybeans all suffering big losses at the close. The two primary factors in today’s markets are the following:

Corn Belt weather looks wet for the first half of this week. The latest forecasts indicate that heat and dryness will follow but not continue for a prolonged period. China’s president made comments over the weekend indicating that country is ready for a trade fight. The 6 July deadline for implementation of the proposed tariffs is now little more than a week away.

U.S. equity markets were also getting smashed today. Crude oil and the U.S. dollar were lower as well.

  Corn FUTURES Corn can...