It's Officially a Weather Market

Watch us on RFD-TV, today at 9:45 AM CST! Corn (July)

Fundamentals: As mentioned last week, it is that time of year where you can expect to see gaps on the Sunday night open, with the direction of the gap dependent on weekend weather and updated forecasts. This past weekend’s weather and forecasts are continuing to cause concern for crop development in the northern plains, with hot and dry weather continuing to trend, putting a premium in new crop prices which is helping narrow the spread against old crop. The next USDA report is Thursday, we will have estimates out in the coming days. Arguably more important, is the end of the month/quarter report, June 30th