With corn seen as being the most-affected by weather in the coming weeks, those futures are the most susceptible to moves on weather forecasts. "It will take substantially more rain than what is forecast over the next 10 days to diminish the drought, but CBOT weather markets are often determined with short term weather forecasts," said AgResource. Slowing Demand: A sharp slowdown in European business activity this month put pressure on markets across the board, including CBOT grain futures. A weak export sales report is also a factor pulling grains down, amid ongoing demand concerns. --The USDA will release its weekly crop progress report at 4 p.m.

Source: Wall Street Journal June 24, 2023 01:43 UTC