Julianne Johnston

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Lack of fresh news has traders focused on negative outside markets.
Below-normal precip in extended forecast for heart of the Corn Belt.
Says slowdown in development of El Nino has occurred.
Corn is seeing light followthrough buying, with soybeans lower.
Traders begin to more actively even positions ahead of USDA’s Friday reports.
Wheat sees spillover from neighboring pits.
Weaker U.S. dollar index supportive for commodity markets.
Grain futures choppy as traders await export sales and FOMC meeting details.
Neutral ENSO conditions continue to linger, but building toward El Nino.
Looking for smaller U.S. corn and soybean crops, but demand also to be trimmed.