Catherine Marks talks to Kevin Paul about her traditional route into the industry as an assistant to Flood and Alan Moulder, plus her tips for how to approach a mix and get the best out of a track.
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Soybeans and what also spill into the red Tuesday
Corn prices were hammered Tuesday amid a major round of technical selling partly spurred by yield-friendly weather forecasts and a slowdown in Chinese purchases. Nearby contracts tumbled 5.5% lower by the close. Spillover weakness negatively affected soybean and wheat prices, too. Soybeans finished down nearly 0.7%, while some wheat contracts dropped as much as 1.7% today.
Most of the Corn Belt should gather 1” or more additional rainfall between Wednesday and Saturday, with some areas getting as much as 2” during this time, per the latest 72-hour cumulative precipitation map from NOAA. Seasonally wet weather is also predicted across the central U.S. in NOAA’s latest 8-to-14-day outlook. Warmer-than-normal temperatures are also likely for the Northern Plains and upper Midwest for the first week of June.