Weather forecasts today are a bit drier and warmer than yesterday.
Idle crop condition ratings still support big crop prospects.
While grains are paying attention to the crop conditions/weather, there is no bigger story and more important one to the market than the issue of trade.
With crops enjoying generally favorable weather in July, its likely crop yield potential will continue to improve.
It’s becoming more and more likely that U.S. crops in 2018 will not be a failure, and possibilities of threats to the crop are waning as well.
With this kind of topic dominating trade, it becomes difficult to predict the market direction.
This is an unusual summer trading season, indeed, as the past month it’s been all about politics, government policy, and trade rather than weather.