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.
Fertilizer regulations continue to be a burden for Europe’s retailers and farmers as the general public there looks at fertilizer as a bad thing, according to one European fertilizer insider.