The forecast for the weekend rains added some uncertainty to the grain markets. Cornbelt Marketing market analyst Sam Hudson says traders are closely watching the weather. “I think it will come down to who gets the rain and who doesn’t. As hot and windy as it’s been in the western Corn Belt, it will take more than a quarter of an inch of rain to offer relief,” says Hudson. “I do have some confidence the areas with rain will help the crop become more bulletproof.” Hudson says central Illinois may be the area to watch for crop stress. “Some crops are working on row closure, but we’re not slated to get a lot of rain in central Illinois and more rain will be needed. The story will be if there’s enough rain for that crop going into July.”
