Commodities
Grain Market Volatility Driven by Weather, Global Events
The grain market is experiencing volatility due to weather forecasts and global events. In the Corn Belt, wetter weather over the next couple of weeks may limit buyer interest in corn (ZCZ26) and soybean (ZSX26) futures.
The U.S. soybean crop's weather market scare in August will likely reignite bullish enthusiasm in soybeans and corn. However, current forecasts do not indicate a significant scare.
A weaker U.S. dollar index ($DXY), which hit a seven-week low last Friday, is supporting the grain markets.