Flooding Threatens Crops as Grain Prices Rise Overnight

Grain futures prices rose overnight amid severe flooding in the eastern Corn Belt that may be significantly damaging crops.

The Pro Farmer Crop Tour, which begins today and ends Thursday evening, will provide insights into crop conditions in both the eastern and western Corn Belts.

Corn and soybean futures prices rose, while winter wheat futures saw modest profit-taking pressure overnight following recent gains.

Major flooding in the eastern Corn Belt has raised concerns over soybean conditions as pods fill, with mold and mildew concerns also rising this week for beans on lower branches of soybean plants.