Singing in the grain: US cereals futures down on friendlier weather outlook

15.06.2021

Chicago corn futures fell over 2% on Monday as new forecasts of rain in U.S. grain belts improved harvest prospects.

Soybeans and wheat were also down sharply after the sudden weekend turnaround in U.S. weather forecasts.

Markets continued to be weakened by a Reuters report the U.S. may scale down biofuel blending...