The markets are up on weather concerns for the entire week across the belt. Experts don't completely agree but do think that between 25-30% of the grain belt will be impacted this week with extreme heat and dryness. We need to see some significant rain forecast before this market will pause. Til then, consider some price targets for new crop Corn and Beans.
Tuesday afternoon featured shower and thunderstorm activity along the Gulf Coast, along with areas of light to moderate showers in the northwestern Plains and isolated thunderstorms in the eastern Midwest. Dry conditions prevailed elsewhere. Temperatures ranged from the low 60s in eastern Washington to the mid-90s in central Ohio. » More DTN Weather Commentary