NEWS
Jerry Gulke DTN Columnist
Mon Jul 21, 2014 10:43 AM CDT

The price-discovery job of a market is to determine a level where demand can be bought and production discouraged. I thought we were close in mid-July to a pause in the declining prices when last fall's lows were tested and then failed in corn, as there was still a lot of production time left. However, the seemingly perfect weather, day after day after day, is expected to aid even the late-planted crops in the Northern Plains and this perfect scenario seems to have yields increasing daily.

Soybeans are looking at August yet, but with no obvious changes in weather trend ...

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