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Barchart
Barchart
Jim Wyckoff

Hazardous Heat in the Midwest Is Stoking Corn and Soybean Prices. What to Watch Next.

December corn (ZCZ26) futures prices on Friday closed steady at $4.87 1/2 but hit a two-month high early in the session and for the week were up 20 cents. November soybeans (ZSX26) on Friday rose 9 3/4 cents to $12.53 1/2, hit a contract high, and for the week gained 50 1/2 cents. September soft red winter (SRW) wheat (ZWU26) futures lost 18 1/4 cents to $6.78, after hitting a contract high early on. For the week, September SRW was down 4 3/4 cents. September hard red winter (HRW) wheat (KEU26) Friday fell 14 1/2 cents to $7.45 1/4, after also hitting a contract high early on. For the week, September SRW was up 13 cents.

Corn and Soybean Prices Trending Up as Intense Heat Bakes Midwest

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