Corn futures caught a bid in the back half of last week’s trade but remain mostly range-bound while Soybean futures had their highest close since late March.
Corn futures tried to breakdown yesterday, following a weekend of favorable weather that helped producers stay ahead on planting; Wheat futures rallied in afternoon session.
Corn futures are softer to start the week on the back of good weekend weather, one of the main reasons we recommended selling last week’s midweek rally ahead of the weekend.
