The CBOT started the week on a bearish note with expectations for strong planting progress across the U.S. and sluggish demand weighing on markets. Friday’s CFTC report that showed continued fund short selling in major ag commodities also helped keep markets on the defensive to start the week. Dryness is still an issue for parts of the Eastern Corn Belt with little or no rain realized over the weekend and another dry week forecast, but traders seem to be getting more comfortable with this early-season dryness that usually doesn’t impact corn or soybean yields. Amid large U.S. acreages, competition from Brazil, and few weather issues in major global crop growing regions, the long-term outlook for ag commodities remains lower, a v...

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