History shows the few trading days right after the Fourth of July holiday can be pivotal for the grain markets, especially corn (ZCZ26) and soybeans (ZSX26). And after the three-day holiday weekend, the bulls are out of the chute snorting.
An intense heat wave continues in France, one of the European Union’s largest corn producers. The FranceAgriMer agency reported deteriorating crop conditions after preliminary estimates indicated extreme heat may have damaged nearly one-third of the country’s corn crop.
