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.
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