Weather Outlook

The latest NOAA six to ten day and eight to fourteen day forecasts are still showing a large area of the US expecting below normal temperatures through the third week of August.

With below normal temperatures expected in the major grain and oilseed growing regions, price remain bearish, with the only fear being the potential for an early frost.

In terms of energy demand for natural gas, the benign conditions will likely keep a bearish tone in the already down-trending price.