Ag News

Grain higher on US dry forecast

  • By: Farm Tender "Prime"
  • Jul 11, 2017

Forecasts of very hot and dry weather in the western half of the Midwest are pushing grain and soybean futures higher today.

DTN senior market analyst Darin Newsom says, from a technical point of view, December corn could extend its rally to the 4.45 to 4.50 area. But he says the corn rally might be difficult to sustain.

“The market is strong, there’s no denying that. But we’re not seeing action in futures spreads or deferred basis right now to indicate that there is this ove...
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