Wetter weather forecasts for the Corn Belt over the next couple weeks will likely limit buyer interest in corn (ZCZ26) and soybean (ZSX26) futures. It’s very likely going to take a U.S. soybean crop weather market scare in August to reignite bullish enthusiasm in soybeans and corn. So far, weather forecasts are not indicating such.
However, a positive for the grain markets recently has been a slumping U.S. dollar index ($DXY) that Friday hit a seven-week low.
