Corn continues to be the winner in the grain complex, as the market keeps an uneasy eye on the medium and long term forecasts, which suggest hot dry weather is on its way to the US Midwest.
“US weather is still being viewed bullish as temperatures continue to run above normal in the 6 to 10 day forecast,” said Paul Georgy, at Allendale.
“Near-term, rains do move through the cornbelt, however, moisture then looks to become more sporadic,” said.
“The next couple days will be about watching rainfall returns before the heat comes back late in the weekend,” said Tregg Cronin, at Halo Commodities.
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