Grain prices started falling back this week as moisture finally hit some areas of Western Canada and reported decent conditions of already-planted crops in the Midwest. There are, however, a significant amount of soybean acres that still have not been planted in major states like Missouri, Illinois, and Iowa because of persistent wet conditions. Ultimately, weather and a strengthened U.S. dollar (because of Greece’s credit default risk) are pulling the reins on any mid-June rallies. This pull back doesn’t really apply to canola, though, as lower expectations in Western Canada, plus the higher U.S. dollar helped push canola above the…
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