July Corn Soars to New Contract High; Canadian Drought is Dire and Looks to Worsen; Midday GFS Forecast Wetter
CBT futures are higher at midday (July corn sharply higher at new highs at $7.505) following through with its post report rally on Monday. The 2021 Canadian drought is forecast to worsen over the next 2 weeks and is becoming one for the record books. The volume on the AM CBT rally has been normal,…