Markets React Sharply to Weather

 
Markets React Sharply to Weather

It was another week for corn and soybean crops with heavy rains causing additional ponding and flooding across the Corn Belt. With acreage and yield concerns building, corn and soybean futures advanced sharply. Wheat futures also rallied despite an increase in harvest activity in the Southern Plains. In the livestock markets, traders faded the neutral to positive Cattle on Feed Report and hog futures paused after a sharp drop on Monday as traders ready for the Hogs & Pigs Report.

We talked to three meteorologists this week and have their summer weather outlooks and also provide a look ahead at the key June 30 USDA reports -- and much more -- in this week's newsletter.

Pro Farmer Editor Brian Grete highlights this week's newsletter below:

 

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