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.
For those who spend a lot of effort trying to understand the grain markets and sometimes feel overwhelmed by the complexity of it all, you may want to sit down