Julianne Johnston

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Above-normal temps expected across bulk of country.
Front-month contracts post new all-time highs according to weekly continuation chart.
Drought to remain its stronghold on country at least through October.
Dry In Argentina; wet in southern Brazil
NWS expects drought to stick around remainder of the growing season.
Traders’ focus remains on drought stress across the Corn Belt.
New rules designed to regulate distribution and storage of fertilizer.
Expects growth in chemical markets to accelerate as global economies mend.
Several reports of K deficiency in corn and soybeans.
Part of a three-year agreement.