The markets appear to be temporarily trapped in a no man's zone of market-making or breaking news. Consider:

Temperatures across the U.S. crop production regions remain above-normal, and extended forecasts suggest more of the same. That means the threat of frost damage to the late planted corn and soybean crops is basically gone. The market wants to see actual corn and soybean yield results, but there simply isn't much actual harvesting taking place. We tend to forget that when you plant a crop late and have a cool first half of the summer, those crops will also mature late. We read about better than expected corn yields in some other market commentaries, but we view those as general and anecdotal reports that are not very specific...

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