Donald Trump Weather
Wetter weather forecasts for the Corn Belt over the next couple weeks will likely limit buyer interest in corn (ZCZ26) and soybean (ZSX26) futures. It’s very likely going to take a U.S. soybean crop weather market scare in August to reignite bullish enthusiasm in soybeans and corn. So far, weather forecasts are not indicating such. However, a positive for the grain markets recently has been a slumping U.S. dollar index ($DXY) that Friday hit a seven-week low. Grain traders are also keeping an eye on weather conditions in major western European grain-growing regions, amid an extreme heat wave that is…
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