Grain TV: Corn Belt Flooding Drives Rally
Strong exports in soybeans showed good demand at current prices. Corn exports were disappointing but are seen as being a poor week rather than a trend. Extensive flooding across the corn belt are causing concerns about lost acreage and quality which helped prices rally.
The bulls took a break this week with the ICE July and Dec contracts giving back 46 and 34 points on the week, respectively. The July – Dec straddle finished