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Corn and soybeans traded in tight ranges near unchanged overnight while wheat favored the upside, negating most of yesterday’s weakness.
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Corn and soybean futures chopped around unchanged in quiet overnight trade while wheat firmed.
USDA honoring existing contracts totaling around $20 million for EQIP, CSP, ACEP
Cash corn prices rise and remain well above year-ago.
The Seasonal Drought Outlook calls for drought to develop or persist over the bulk of HRW wheat areas, while most of the Corn Belt will be drought-free.
Soybeans led overnight strength with corn following solidly to the upside. Wheat saw moderate strength.
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