Summer weather has finally arrived in the south of France, pushing out the weeks of rain that we had been seeing. Daytime temperatures are now up in the mid-30’s centigrade (about 95 F) and there is not a cloud in the sky. Now all those soaking wet fields can dry up a little and the farmers can start smiling again.
US Grain markets this week continued the recent pattern of moving lower every week --- corn prices were only down by about USD 3 m/t but soybeans dropped by almost USD 15 m/t and soymeal was down by around USD 10 m/t. Even US wheat continued lower with hard red winter wheat down by USD 6 m/t or so. US spring wheat was down by almost USD 10 m/t............please click PDF to see more details