Corn and soybean markets are higher today in response to heavy rains that fell across parts of the eastern Corn Belt over the weekend and forecasts for more. Don Roose with Des Moines-based U.S. Commodities says the weekend rains probably put an end to corn planting in many areas, except for replant. “That led to an emotional trade overnight, again—a gap higher on corn, and soybeans finding some strength here also on fears that the way corn went, that soybeans could go the same in some of these wet areas if things don’t improve,” Roose says.
Continue reading Planting and crop concerns push market higher at Brownfield Ag News.
