Grains were lower overnight as grains take back some of the gains made on the recent highs. USDA’s crop report comes out at 11 am CDT, which should provide some further gyrations in the market.
The US weather continues to point to extreme heat in the Northwestern Plains for the remainder of this week, with the high temperature dome moving more to the East next week. July 18-Jul 21 Nebraska is expected see highs above 100 in this 4-day period.
Precipitation over the next 2-week period should also be limited for the Plains and Western Cornbelt. Moisture totals will be running 1 to 1.5 inches below normal.
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