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Sean Lusk at Walsh Trading said, “It is my belief that US weather continues to support the production prospects of the Midwest. The Trade is looking at the weather forecast and extrapolating a large corn yield potential in the US. Although the good to excellent condition report released today in corn dropped two points on the week, the forecasts moving forward are warmer and wetter, sort of a greenhouse effect in this early development stage in my view. The drier western Midwest is expected to see follow-up rains from this week, the next 5 days, with lesser amounts in the Upper Plains, Southeast, and ECB. The heavier rain accumulations will likely drive down the soil moisture deficits in those areas in my view.”





