The investors continue to watch the U.S. Midwest corn planting weather get wetter.
The U.S. soybean crop is going in the ground faster than the longterm averages.
With the U.S. dollar lower, U.S. weather favoring corn planting, and a broad-based rally, all support today's higher farm markets.
The trade is eyeing Midwest weather for corn planting opportunities.
Buyers are finding the soybean market has upward potential, as Argentina's soybean weather remains uncertain.
Mother Nature is taking center stage on whether USDA NASS’s projection of less corn in Iowa will be realized.
In its April Supply/Demand Reports, the USDA pegged the U.S. grain stocks higher than the trade estimates.
While the USDA is projecting larger shifts to soybean for multiple Corn Belt states, Illinois turned that corner last year.
The U.S. planting season could get a boost after a drier weekend ahead.
U.S. farmers have considered the economic benefit to planting soybeans, the less favored crop vs. corn, highlighting the state of U.S. ag profitability.