Tepid Volume Produces Modest CBOT Midday Bounce; EU Monthly Weather Forecast Lacks Heat/Dryness for Midwest Summer; Crude Oil Tests $25/barrel
Slow/mixed with limited interest best describes midday CBOT price action. Corn, soybean and wheat futures have not changed much from the 8:30 AM CT opening with a new US soybean sale to China and corn sale to Mexico offering only background support. Traders will be watching closely to see if China steps up their US…