Bye-Bye Weather Premium: Grain and Oilseed Futures Taking a Tumble

Grain and oilseed futures have dropped sharply over the last week, falling well off the summer highs set earlier in July. Weather premiums are shrinking as growing conditions have improved, or at least stabilized, across much of Canada and the U.S. corn belt over the last three weeks, explains Dave Reimann, senior market analyst with Cargill,…