Grain TV: Soybeans Hammered by South American Weather
Rains in South America hammered the soybean market while corn remained relatively unchanged, moving slightly higher. While the rain event should seem to be more of a corn story, soybean’s sharp decline could stem from a lack of any major upcoming reports to keep the bulls in the market following last week’s rally.
Bolls are sprouting in soggy central and southeastern Texas, where it has rained 9 straight days and even more in some areas. There are numerous insurance issues related to loss