Corn Scores Fresh Contract High at $5.6575 March; Soybeans Rise on Disappointing Brazilian Soybean Yields; Argentine/S Brazilian Weather is Parched

Corn futures have soared to new contract highs with soybeans finding independent strength on lower-than-expected soybean yield data from Mato Grosso, Goias and Parana in Brazil. And in the background is the bullish tailwind from the dry Argentine weather forecasts over the next 2 weeks. The CBOT has been unable to rally since the January…