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Corn, hard red winter wheat, soft red winter and soybean basis was steady Monday, while spring wheat basis was stronger. Read More

OMAHA (DTN) — Posted 12:37 — December corn is up 6 1/4 cents per bushel, November soybeans are up 5 3/4 cents, September KC wheat is down 4 1/4 cents, September Chicago wheat is up 1/4 cent and September Minneapolis wheat is unchanged. The Dow Jones Industrial Average is up 646.12 points. The U.S. Dollar Index is down 0.180 and September crude oil is down $3.50 per barrel. August gold is down $44.30 per ounce. Headed for the Tuesday finish, grain and soy markets are mixed. Corn is the big winner on falling conditions and a warmer and drier outlook ahead. Soybeans and meal are firm, but bean oil is under pressure with the falling crude prices with September crude sliding below $80 per barrel. Wheat is mixed. In corn, there is beginning to be talk about yield falling to 180 bpa or below.

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DTN Market Impact Weather

Models Increase Corn Belt Precipitation for Late Week

MINNEAPOLIS (DTN) — Heat in the Plains, an increase in the precipitation forecast for the Corn Belt, and another heat wave in Europe are the weather factors driving the markets Tuesday.

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