Grain traders continue to watch the weather forecast. “The short-term weather is the corn story and the long-term weather forecast is the soybean story,” explains Ted Seifried, chief market strategist, Zaner Ag Hedge. “There’s slight nuances of when the moisture is needed between the row crops and we’re starting to see the weather play out on the board.” A return to a hotter, drier weather pattern in the short-term means more weather premium could be added into the grain markets. “Specifically for soybeans. The market will rustle with changes in the overall weather trend for the next few days.”
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