Julianne Johnston

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Grain futures soften amid pre-weekend position squaring.
Futures stabilize after yesterday’s late-session runup.
Limited improvement noted across the Midwest.
Tight supplies and still-solid demand lift soybean futures, corn and wheat follow.
Tropical Pacific remains warmer than average.
Grain futures slip overnight on profit-taking.
Up to 15 inches of precip needed in north central Iowa to reverse drought.
Forecast calls for wetter conditions, which could slow early harvest.
Grain futures have moved off session highs posted earlier this morning.
Official Tour results from Illinois.