Chicago soybean and corn futures gained strength on Monday, as uncertainty has re-emerged in the weather forecast for much of the U.S. grain-producing states.
Reuters reports forecasts of cooler and wetter conditions across the U.S. Midwest raised new concerns about how much of the current crop might be lost -- as well as how much of the corn and soybean yields might be hampered by the stress of excess moisture.
Crops in as much as 30% of the Midwest is at significant risk for rain-related stress in the coming days, particularly in the Plains and portions of the western Midwest.
