Most primary crop areas were dry Thursday afternoon. Temperatures ranged from the low 50s in the western Canadian Prairies and the Northwest to the low 90s in the Southern Plains. » More DTN Weather Commentary
Posted at 1:11PM Thu Jul 2, 2020 CDT
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Grain Markets were higher with soybean futures edging higher to a 4-month high while corn futures pushed higher as the crops get close to pollination and are sensitive to hot and dry weather. Traders will continue to remain focused on weather maps this week as they try to decide how much weather premium should be added to these markets. Last week, September corn futures were up 37.75 cents, August soybeans were up 31.50 cents, and September wheat up 16.25 cents. Private exporters reported last Friday to the USDA export sales of 202,000 metric tons of corn for delivery to China during the 2020/2021 marketing year. They also reported 126,000 metric tons of soybeans to China during the 2020/2021 marketing year.
July 2, 2020
Today: 0.0" Monthly: 0.0"
Updated: 6/29/2020 07:47 EST
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