While the driving forces that have propelled the grain and soy markets higher this week, primarily a hot and dry weather outlook and uncertainty concerning grain movement from the Black Sea, have not changed, these markets are trading defensively this morning. For the week, December corn is still up 18-cents,…
Market Commentary
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With the weather forecast pointing towards a shift to warmer and drier towards the end of this month, we appear to have a good old-fashioned weather rally taking place. Of course, when you add in reports of the hottest summer on record globally, as well as numerous other temperature records…