The most active corn contract for December delivery was up 2.5 cents, or 0.59 percent to 4.27 U.S. dollars per bushel. September wheat was up 7.5 cents, or 1.51 percent to 5.035 dollars per bushel. November soybeans were up 3.25 cents, or 0.36 percent to 9.0425 dollars per bushel.
Soybean and corn futures ticked higher after losing ground last week, as the focus turned to dry weather this week in parts of the U.S. Midwest. Little rain is forecast in the corn belt so far this week, according to the National Weather Service, which could add to crop stress after late planting and a heat wave that lasted about a week in the U.S. Midwest.
Crop conditions, however, were pretty strong at the start of last week, though they fell from the previous week.
Corn was rated 57 percent good or excellent as of July 21, down from 58 percent seven days earlier, according to U.S. Department of Agriculture crop report.
Latest comments