Chart of the Day
As of July 16, U.S. exporters had sold 7.6 mmt (300 mbu) of corn for 2026/27 shipment, a five-year high for the date. However, that covers 9.3% of USDA's full-year forecast of 3.2 bbu, a half-percent below the year-ago pace. Will higher prices interfere with the massive export outlook?
Weather
The temperature is going to be cranked to the max over the weekend. Widespread daily high temperatures are expected to reach into the high 90°s to 100°F across most of the Great Plains. Temps will also run high over the weekend and into next week for the Eastern Corn Belt. There are fair chances of seeing some scattered rains through Monday that could bring some relief. Last week's run of the U.S. Drought Monitor had very minimal changes to drought scores across the county. The next run could show some changes after another week of minimal rains and high temperatures. Expect plenty of heat advisories across the country thanks to high humidity. 
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