Northern and central soybean areas have favorable soybean development conditions, but dry and hot trends threaten the southern regions and may lead to a bullish soy market.
The spring wheat basis has been collapsing since early July due to a large carryover from the previous year and the outlook for a large new crop. Demand is predicted to increase only slightly with exports rising and domestic use falling. Basis levels look to weaken further during the harvest and beyond.
Wet weather and other factors have so far kept soybean and corn insect pests at bay. Bug experts stress growers should continue scouting, especially for corn rootworm and soybean aphid damage.
| HARD RED SPRING WHEAT (Dec 10) 669\'2 +10\'4 
