Home > News > Grain Markets Start the Week Higher

Wheat futures moved higher in overnight trading because of dry conditions in key growing areas of eastern Europe. Fueling the rally is also increasingly dry weather conditions in the southern and central Plains, where farmers are planting and getting started the 2021 hard red winter wheat crop. Meanwhile, corn and soybean futures followed wheat higher as traders extended net-long positions, a sign they see more higher prices coming in the near future. Net-long positions are at their highest levels in over a year. While the trade sees reasons to be bullish, corn and soybean farmers in some regions saw their first frost of the fall over the weekend, while others are facing fire dangers as harvest rolls on. See more on the big news to start the week.

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